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Daily Market Analysis 04|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 107.190 with take profit at 107.330. Bearish Preference: Sell is envisaged if price trades below 107.037 with take profit at 106.880. Fundamentals:6:05PM – Fed Chair Powell Speaks Comment: The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during …

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Daily Market Analysis 03|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1728.95 with take profit at 1720.14. Bullish Preference: Buy is envisaged if price trades above 1741.54 with take profit at 1750.36. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change Comment: Gold inched down on Wednesday morning in Asia, with U.S. Treasury yields continued their fall and put pressure …

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Daily Market Analysis 02|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 106.710 with a take profit before 106.538. Bullish Preference: A Buy position  is envisaged if price trades above price 107.099  with take profit before price 107.287. Fundamentals:7:00pm    USD     FOMC Member Brainard Speaks8:00pm    USD     FOMC Member Daly Speak  Comment: Currency markets have …

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Daily Market Analysis 02|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below price 1703.97 with a take profit at  price 1696.45. Bullish Preference: A buy position  is envisaged if price trades above price 1727.25  with take profit at price 1738.90. Fundamentals:7:00pm     USD     FOMC Member Brainard Speaks8:00pm    USD     FOMC Member Daly Speak  …

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Daily Market Analysis 26|02|2021: USDCHF

Instrument: USDCHF Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.90673 with take profit at 0.90827 Bearish Preference: Sell position is envisaged if price trades below 0.90331 with take profit at 0.90162 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)USD: Chicago PMI (3:45pm) Comment: The dollar held onto gains made during the previous session, where it climbed …

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Daily Market Analysis 26|02|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 1.38222 with a take profit at 1.37647 Bullish Preference: A buy position  is envisaged if price trades above price 1.39773  with take profit at price 1.40402 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)G20 Meeting (All Day)  Comment: The dollar climbed higher in early European …

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Daily Market Analysis 26|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 1741.41 with a take profit at 1719.92. Bullish Preference: A Buy position  is envisaged if price trades above price 1780.05  with take profit at price 1793.15 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)USD: Chicago PMI (3:45pm) Comment: The Precious Metal which is seen as a …

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Daily Market Analysis 17|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1786.99 with take profit at 1781.88 Bullish Preference: Buy is envisaged if price trades above 1795.91 with take profit at 1800.87 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: Gold was down on Wednesday morning in Asia, continuing its decline for a fifth consecutive …

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Daily Market Analysis 13|01|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1875.86 with take profit at 1889.77 Bearish Preference: Enter a Sell position if price trades below 1843.81 with take profit at 1830.74 Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold was up on Wednesday morning in Asia, with both the dollar and U.S. Treasury yields …

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