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Daily Market Analysis 07.12.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if price trades above 1.07866 with take profit at 1.08017 Bearish Preference:  A sell position is envisaged if price trades below 1.07449 with take profit at 1.07272 Fundamentals:2:30pmUSD Unemployment Claims Comment: The EUR/USD pair attracts some buyers in the vicinity of mid-1.0700s, or its lowest level since November 14 touched earlier …

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Daily Market Analysis 07.12.2023: GOLD

Instrument: Gold Bullish Preference: A buy position is envisaged if price trades above 2042.07 with take profit at 2049.29 Bearish Preference:  A sell position is envisaged if price trades below 2023.25 with take profit at 2017.10 Fundamentals:2:30pmUSD Unemployment Claims Comment: Investors are preparing to closely parse through the remaining batch of labor market numbers this week, including jobless claims on …

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Daily Market Analysis 07.12.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: Buy position is envisaged if price trades above 1.25871 with take profit at 1.26023 Bearish Preference:  Sell position is envisaged if price trades  below 1.25617 with take profit at 1.25448 Fundamentals:2:30pmUSD Unemployment Claims Comment: Dollar at 2-week high, euro softer as market bets on rate cuts.The U.S. dollar was at a two-week high on Wednesday, while …

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Daily Market Analysis 07.12.2023: USDIDX

Instrument: USDIDX Bullish Preference: Buy position is envisaged if price trades above 104.208 with take profit at 104.349 Bearish Preference:  Sell position is envisaged if price trades  below 103.781 with take profit at 103.606 Fundamentals:2:30pmUSD Unemployment Claims Comment: Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. …

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Daily Market Analysis 06.12.2023: GOLD

Instrument: GOLD Bullish Preference: A Buy position is envisaged if the price trades above 2041.32  with take profit at 2048.82 Bearish Preference:  A Sell position is envisaged if the price trades below 2005.90  with take profit at 1992.64 Fundamentals:2:15pm USD ADP Non-Farm Employment Change Comment:  Gold prices moved little in Asian trade on Wednesday after falling sharply from record highs …

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Daily Market Analysis 06.12.2023: OIL

Instrument: OIL Bullish Preference: A Buy position is envisaged if the price trades above 77.73  with take profit at 78.57 Bearish Preference:  A Sell position is envisaged if the price trades below 76.46  with take profit at 75.47 Fundamentals:No major fundamental. Comment: Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed …

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