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Daily Market Analysis 09|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19091 with take profit at 1.19286. Bearish Preference: Sell position is envisaged if price trades below 1.18818 with take profit at 1.18629. Fundamentals:1:30 Pm USD  Core PPI m/m              USD  PPI m/m3:00 pm USD  Final Wholesale Inventories m/m  Comment:  The …

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Daily Market Analysis 07|04|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 33379 with take profit at 33409. Bearish Preference: Sell position is envisaged if price trades below 33255 with take profit at 33226. Fundamentals:7:00pm USD FOMC Meeting Minutes  Comment:  U.S. stocks are seen opening largely unchanged Wednesday, remaining near record levels, with focus on the release of …

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Daily Market Analysis 07|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1747.45 with take profit at 1753.20. Bearish Preference: Sell position is envisaged if price trades below 1728.56 with take profit at 1725.70. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: After strong gains in the previous session, gold is trading on the back foot, pulled lower by the upbeat …

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Daily Market Analysis 07|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 63.36 with take profit at 63.77. Bearish Preference: Sell position is envisaged if price trades below 62.30 with take profit at 62.05. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations …

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Daily Market Analysis 07|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38569 with take profit at 1.38864. Bearish Preference: Sell position is envisaged if price trades below 1.37722 with take profit at 1.37547. Fundamentals:7:00pm USD FOMC Meeting Minutes  Comment:  The dollar edged higher in early European trading Wednesday, but remained near two-week lows after bond yields …

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Daily Market Analysis 06|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.18270 with take profit at 1.18398. Bearish Preference: Sell position is envisaged if price trades below 1.18074 with take profit at 1.17952. Fundamentals:10:00am    EUR    Unemployment RateDay 2    All    IMF Meetings Comment: The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but …

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Daily Market Analysis 06|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.39 with take profit at 64.24. Bearish Preference: Sell position is envisaged if price trades below 61.99 with take profit at 61.19. Fundamentals:No major fundamental  Comment:  Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% …

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Daily Market Analysis 01|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged  if price trades above 1.37921 with take profit at 1.38039. Bearish Preference: Sell position is envisaged if price trades below 1.37642 with take profit at 1.37505. Fundamentals:3:00pm    USD ISM Manufacturing PMI  Comment:  The dollar remained strong in early European trading Thursday, near multi-month highs amid expectations of strong U.S. …

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Daily Market Analysis 31|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged  if price trades above 64.86 with take profit at 65.08. Bearish Preference: Sell position is envisaged if price trades below 64.01 with take profit at 63.74. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia, paring back losses from the previous session ahead of an Organization of …

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Daily Market Analysis 31|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged  if price trades above 1.37641 with take profit at 1.37762. Bearish Preference: Sell position is envisaged if price trades below 1.37315 with take profit at 1.37155. Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment:  The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, …

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