Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1764.49 with take profit at 1766.92. Bearish Preference: Sell position is envisaged if price trades below 1755.62 with take profit at 1753.19. Fundamentals: 3:00pm USD Prelim UoM Consumer Sentiment Comment: Gold was up on Friday morning in Asia but was headed towards a second weekly loss. The focus …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.95 with take profit at 74.54. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.65. Fundamentals: No major fundamental. Comment: Earlier Last week OPEC decided to increase output by 400,000 barrels per day (bpd) for the month of October, in line with …
Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1817.36 with take profit at price 1818.77. Bearish Preference: A sell position is envisaged if price trades below price 1811.80 with take profit at price 1810.48. Fundamentals:1:30pm USD Average Hourly Earnings m/m USD Non-Farm Employment Change …
Instrument: EURGBP Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.84935 with take profit at 0.84992. Bearish Preference: Sell position is envisaged if price trades below 0.84813 with take profit at 0.84748. Fundamentals:No major fundamental. Comment: EUR/GBP remains pointing lower but has been unable to make a strong, confirmed break below 0.8500 despite the chart set-up looking increasingly …
