Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1931.88 with take profit at 1933.42 Bearish Preference: Sell position is envisaged if price trades below 1924.57 with take profit at 1920.53 Fundamentals:No major Fundamental. Comment: There’s no two-ways about it: gold prices outperformed our expectations in Q1’22. Our rationale for not taking a bullish outlook on gold …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1933.84 with take profit at 1938.70 . Bearish Preference: Sell position is envisaged if price trades below 1923.92 with take profit 1918.06 . Fundamentals:1:30pm USD Core PCE Price Index m/m USD Unemployment Claims2:45pm USD …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.00 with take profit at 109.49. Bearish Preference: Sell position is envisaged if price trades below 106.73 with take profit at 105.81. Fundamentals:No Major Fundamental Comment: The Crude oil outlook remains obscured behind an opaque fundamental backdrop with headlines and positioning driving unhinged price moves. Sanctions on …
Instrument: DE30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13369.9 with take profit at 13459.2. Bearish Preference: Sell position is envisaged if price trades below 13115.8 with take profit at 13019.7. Fundamentals:No major Fundamental Comment: Plummeting stocks, soaring commodity prices, and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14207.27 with take profit at 14264.00. Bearish Preference: Sell position is envisaged if price trades below 14048.15 with take profit at 13974.08 . Fundamentals:USD: 2:30PM Core PCE Price Index m/m4PM Revised UoM Consumer Sentiment Comment: In the wash after Wednesday’s FOMC rate decision there is still a …
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 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 88.78 with take profit at 88.97. Bearish Preference: Sell position is envisaged if price trades below 87.37 with take profit at 87.09. Fundamentals:No major fundamental Comment: Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased …
Instrument: DE30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15855.6 with take profit at 15890.6. Bearish Preference: Sell position is envisaged if price trades below 15731.0 with take profit at 15695.9. Fundamentals:No major Fundamental Comment: The German DAX traded higher on Monday after it hit support near 15100 on Friday. That said, the recovery …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.09 with take profit at 81.21 Bearish Preference: Sell position is envisaged if price trades below 80.65 with take profit at 80.53 Fundamentals:No major fundamental Comment: Oil retains a bullish outlook if the forecast horizon is several months, but the journey higher is not likely …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24325 with take profit at 1.24451. Bearish Preference: Sell position is envisaged if price trades below 1.24016 with take profit at 1.23885. Fundamentals:1:15pm USD ADP Non-Farm Employment Change3:00pm USD ISM Services PMI7:00pm USD FOMC Statement7:30pm USD FOMC Press Conference Comment: Although it’s the Fed’s outlook on …
