Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.58 with take profit at 68.85. Bearish Preference: Sell position is envisaged if price trades below 67.63 with take profit at 67.39. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil traded in a narrow range early today, supported by optimism about improving U.S. fuel demand and a …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21185 with take profit at 1.21317. Bearish Preference: Sell position is envisaged if price trades below 1.20973 with take profit at 1.20852. Fundamentals:1:30pm USD Philly Fed Manufacturing Index Unemployment Claims1:30pm USD Unemployment Claims1:30pm CAD ADP Non-Farm Employment Change NHPI m/m4:00pm CAD BOC Gov Macklem Speaks …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.38073 with take profit at 1.38671. Alternative scenario: Sell position is envisaged if price trades below 1.37215 with take profit at 1.36301. Fundamentals:None Comment: A retracement is expected on USDCAD as there are sentiments on a fall in oil prices due to signs Russia was planning to start …
