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Daily Market Analysis 14.01.2022: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.25299 with take profit at 1.25422. Bearish Preference: Sell position is envisaged if price trades below 1.24759 with take profit at 1.24590. Fundamentals:2:30pm USD Retail Sales Comment: The persistent weakness in the US dollar, despite the uptick in the Treasury yields, recalls sellers, as investors remain …

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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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