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Daily Market Analysis 27.01.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.34417 with take profit at 1.34568. Bearish Preference: Sell position is envisaged if price trades below 1.34028 with take profit at 1.33874. Fundamentals:2:30pm USD Advance GDP q/q Comment: The dollar was up on Thursday morning in Asia, hitting multi-week highs. The safe-haven U.S. currency got a boost after …

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Daily Market Analysis 25.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1840.46 with take profit at 1842.43 . Bearish Preference: Sell position is envisaged if price trades below 1835.99 with take profit at 1833.84. Fundamentals:4:00pm USD CB Consumer Confidence Comment: Gold futures are edging lower on Tuesday, as concerns about a faster pace of policy tightening by …

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Daily Market Analysis 24.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1839.95 with take profit at 1841.67. Bearish Preference: Sell position is envisaged if price trades below 1835.62 with take profit at 1833.70. Fundamentals:No major fundamental Comment: Gold bulls scored another win last week, with XAU/USD rising nearly a full percentage point, pulling the yellow metal’s …

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Daily Market Analysis 21.01.2022: US100

Instrument: US100 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 14841.91 with take profit at 14878.24. Bearish Preference: Sell position is envisaged if price trades below 14668.88 with take profit at 14627.36. Fundamentals:5:30pm USD Treasury Sec Yellen Speaks Comment: Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about …

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Daily Market Analysis 21.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1838.30 with take profit at 1841.45. Bearish Preference: Sell position is envisaged if price trades below 1826.73 with take profit at 1823.75. Fundamentals:5:30pm USD Treasury Sec Yellen Speaks Comment: Gold was down on Friday morning in Asia. However, the yellow metal was on course for …

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Daily Market Analysis 20.01.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.36181 with take profit at 1.36357. Bearish Preference: Sell position is envisaged if price trades below 1.35943 with take profit at 1.35772. Fundamentals:2:30pm USD Philly Fed Manufacturing IndexUSD Unemployment Claims Comment: GBP/USD seems to have gone into a consolidation phase above 1.3600. However, the near-term technical …

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Daily Market Analysis 07.01.2022: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.90 with take profit at 83.42. Bearish Preference: Sell position is envisaged if price trades below 82.20 with take profit at 81.74. Fundamentals:No Major Fundamental Comment: Oil is continuing to push higher as traders price in a modest economic impact from omicron. The OPEC+ meeting this …

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Daily Market Analysis 06.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.35 with take profit at 83.03 . Bearish Preference: Sell position is envisaged if price trades below 81.21 with take profit at 80.52. Fundamentals:No Major Fundamental Comment: Stock markets were deep in the red and some key government bond yields climbed to their highest in years …

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Daily Market Analysis 06.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1804.81 with take profit at 1807.31. Bearish Preference: Sell position is envisaged if price trades below 1796.65 with take profit at 1794.30. Fundamentals:2:30PM USD Unemployment Claims4:00PM USD ISM Services PMI Comment: The U.S. dollar edged lower overall in early European trade Wednesday, handing back some overnight …

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Daily Market Analysis 22/12/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.84 with take profit at 75.33. Bearish Preference: Sell position is envisaged if price trades below 73.32 with take profit at 72.85. Fundamentals:None with high impact on the commodity. Comment: Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers …

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