Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm USD ISM Manufacturing PMI4:00pm GBP BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …
Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 67.85 with take profit at 68.06. Bearish Preference: Sell position is envisaged if price trades below 66.93 with take profit at 66.68. Fundamentals:No major fundamental Comment: Crude oil prices faced notable selling pressure as commodity traders sank WTI -2.5% and Brent -3.1%. In addition to market sentiment …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21986 with take profit at 1.22088. Bearish Preference: Sell position is envisaged if price trades below 1.21862 with take profit at 1.21758. Fundamentals:ALL DAY: EUR. French Bank Holiday Comment: The Euro has a mostly positive turn through the middle of May, even if the headline stats don’t appear …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21009 with take profit at 1.21147. Bearish Preference: Sell position is envisaged if price trades below 1.20709 with take profit at 1.20567. Fundamentals:1:30pm CAD Core Retail Sales m/m CAD Retail Sales m/m2:45pm USD Flash …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1747.45 with take profit at 1753.20. Bearish Preference: Sell position is envisaged if price trades below 1728.56 with take profit at 1725.70. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: After strong gains in the previous session, gold is trading on the back foot, pulled lower by the upbeat …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.216 with take profit at 109.320. Bearish Preference: Sell position is envisaged if price trades below 109.039 with take profit at 108.930. Fundamentals:No major fundamental Comment: The Dollar/Yen closed higher on Friday as a spike in U.S. Treasury yields widened the spread against Japanese Government …
