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Daily Market Analysis 08/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.92 with take profit at 1763.18 Bearish Preference: Sell position is envisaged if price trades below 1751.54 with take profit at 1749.31 Fundamentals:1:30pm USD Average Hourly Earnings m/mUSD  Non-Farm Employment ChangeUSD Unemployment Rate Comment: The dollar edged higher Friday ahead of the release of the highly-anticipated …

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Daily Market Analysis 07/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1764.71 with take profit at 1766.54 Bearish Preference: Sell position is envisaged if price trades below 1757.81 with take profit at 1756.32 Fundamentals:1:30pm USD Unemployment Claims Comment: The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy …

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Daily Market Analysis 07/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.15721 with take profit at 1.15804. Bearish Preference: A Sell position is envisaged if price trades below price 1.15470 with take profit at 1.15368. Fundamentals: 1:30pm USD Unemployment Claims Comment: The dollar edged lower Thursday as a compromise over the U.S. debt ceiling appeared likely, …

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Daily Market Analysis 06/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1757.42 with take profit at 1760.91 Bearish Preference: Sell position is envisaged if price trades below 1745.09 with take profit at 1742.53 Fundamentals:1:15PM USD ADP Non-Farm Employment Change Comment: Gold was down on Wednesday morning in Asia as the dollar strengthened and U.S. Treasury yields …

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Daily Market Analysis 07/09/2021:

Instrument: US30 Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 35415 with take profit at price 35450. Bearish Preference: A sell position is envisaged if price trades below price 35365 with take profit at price 35330. Fundamentals: No major Fundamentals Comment: U.S. stock futures were flat Tuesday morning amid lingering concerns about the delta variant’s impact on …

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Daily Market Analysis 24/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17506 with take profit at 1.17645. Bearish Preference: Sell position is envisaged if price trades below 1.17271 with take profit at 1.17129. Fundamentals:No major fundamentals Comment: European stock markets are expected to edge higher at the open Tuesday, helped by a strong handover from Wall Street after the …

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Daily Market Analysis 17/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38157 with take profit at 1.38269. Bearish Preference: Sell position is envisaged if price trades below 1.37844 with take profit at 1.37725. Fundamentals:1:30pm    USD    Core Retail                                    Sales m/m  …

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Daily Market Analysis 09/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38967 with take profit at 1.39088. Bearish Preference: Sell position is envisaged if price trades below 1.38536 with take profit at 1.38440. Fundamentals:USD 3:00PM: FOMC Member Bostic Speaks                     JOLTS Job Openings              …

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Daily Market Analysis 06/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18177 with take profit at 1.18302. Bearish Preference: Sell position is envisaged if price trades below 1.17946   with take profit at 1.17807. Fundamentals:1:30pm USD    Average Hourly Earnings m/m    USD     Non-Farm Employment Change    USD    Unemployment Rate Comment: The dollar was up on Friday morning in Asia …

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Daily Market Analysis 04/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1815.37 with take profit at 1816.92. Bearish Preference: Sell position is envisaged if price trades below 1811.27 with take profit at 1809.72. Fundamentals:1:15pm    USD     ADP Non-Farm Employment Change3:00pm    USD    ISM Services PMI Comment: Gold, like the currency markets, appears to be in wait-and-see mode… gold’s …

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