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Daily Market Analysis 13/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18646 with take profit at 1.18746. Bearish Preference: Sell position is envisaged if price trades below 1.18461 with take profit at 1.18367. Fundamentals:1:30 pm  USD    CPI m/m              USD    Core CPI m/m    6:01pm USD  30-y Bond Auction Comment: European stock markets are …

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Daily Market Analysis 09/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1808.89 with take profit at 1813.04. Bearish Preference: Sell position is envisaged if price trades below 1797.16 with take profit at 1794.36 . Fundamentals:All Day        G20 Meetings Comment: Concerns over slowing global economic growth, coupled with fears over Covid flareups, particularly in Europe and Asia, …

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Daily Market Analysis 08/07/2021: GOLD

Instrument: Golds Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1818.91 with take profit at 1821.41. Bearish Preference: Sell position is envisaged if price trades below 1810.20 with take profit at 1806.60. Fundamentals:USD 1:30PM   Unemployment Claims Comment: The pace of economic recovery from the COVID-19 pandemic and its impact on inflation and central bank policymaking continues …

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Daily Market Analysis 10/06/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1886.33 with take profit at 1889.32. Bearish Preference: Sell position is envisaged if price trades below 1875.49 with take profit at 1872.00. Fundamentals:USD   1:30PM    CPI m/m           1:30PM   Core CPI m/m      1:30PM   Unemployment Claims Comment: The yellow …

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Daily Market Analysis 25|05|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.36 with take profit at 68.64. Bearish Preference: Sell position is envisaged if price trades below 67.91 with take profit at 67.63. Fundamentals:No major fundamental Comment: Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as …

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Daily Market Analysis 24|05|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 67.85 with take profit at 68.06. Bearish Preference: Sell position is envisaged if price trades below 66.93 with take profit at 66.68. Fundamentals:No major fundamental Comment: Crude oil prices faced notable selling pressure as commodity traders sank WTI -2.5% and Brent -3.1%. In addition to market sentiment …

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Daily Market Analysis 24|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1891.43 with take profit at 1895.38. Bearish Preference: Sell position is envisaged if price trades below 1876.39 with take profit at 1872.23. Fundamentals:No major fundamental Comment: Global markets were quite choppy this past week. This could follow signs of deteriorating risk appetite judging by recent performance of …

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Daily Market Analysis 30|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …

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Daily Market Analysis 29|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 108.919 with take profit at 109.014. Bearish Preference: Sell is envisaged if price trades below 108.660 with take profit at 108.500 Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q            …

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