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june

Daily Market Analysis 02|06|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1901.42 with take profit at 1904.79. Bearish Preference: Sell position is envisaged if price trades below 1890.87 with take profit at 1887.06. Fundamentals:No Major Fundamentals Comment: Gold has been on an incredible bull-run throughout the past month, with the precious metal notching up a fourth consecutive …

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Daily Market Analysis 02/06/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13659.00 with take profit at 13672.76. Bearish Preference: Sell position is envisaged if price trades below 13622.12 with take profit at 13600.85. Fundamentals:No Major Fundamentals Comment: U.S. stock futures were muted again overnight following a flat session for Wall Street on Tuesday. Investors will be …

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Daily Market Analysis 02|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.807 with take profit at price 109.907. Bearish Preference: A sell position is envisaged if price trades below price  109.589  with take profit at price 109.494. Fundamentals:No Major Fundamentals Comment: The dollar edged higher in early European trade Wednesday, climbing from a near five-month …

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Daily Market Analysis 02|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 70.86  with a take profit at price 71.21. Bearish Preference: A Sell position is envisaged if price trades below 69.86 with take profit at price 69.51. Fundamentals:No Major Fundamentals Comment: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring …

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Daily Market Analysis 01|06|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 13778.40 with a take profit at price 13811.33. Bearish Preference: A Sell position is envisaged if price trades below 13699.40 with take profit at price 13666.65. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: Traders are returning from Memorial Day with renewed optimism as stock index futures point higher …

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Daily Market Analysis 01|06|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.22297 with take profit at price 1.22440. Bearish Preference: A sell position is envisaged if price trades below price  1.22009  with take profit at price 1.21870. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: The dollar weakened in early European trade Tuesday, slipping to multi-month lows …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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Daily Market Analysis 01|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 70.92 with take profit at price 71.22. Bearish Preference: A sell position is envisaged if price trades below price 69.87  with take profit at price 69.59. Fundamentals:All Day   OPEC-JMMC Meetings              Comment: Oil prices rose on Tuesday, with Brent …

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