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Daily Analysis

Daily Market Analysis 13/12/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades 1.32378 above with take profit at 1.32491. Bearish Preference: Sell position is envisaged if price trades below 1.32189 with take profit at 1.32082. Fundamentals:6:00pm GBP Bank Stress Test Results6:30pm GBP BOE Gov Bailey Speaks Comment: The British Pound has been abysmally weak of recent as one …

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Daily Market Analysis 10/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades 1776.08 above with take profit at 1778.07. Bearish Preference: Sell position is envisaged if price trades below 1769.13 with take profit at 1767.32. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold had another uninspiring night as it remains marooned in a USD 1770.00 to USD …

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Daily Market Analysis 10/12/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16278.93 with take profit at 16307.77. Bearish Preference: Sell position is envisaged if price trades below 16159.35 with take profit at 16128.81. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: World stocks dipped on Friday, retreating from two-week highs set in the previous session amid renewed …

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Daily Market Analysis 10/12/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades 1.27420 above with take profit at 1.27588. Bearish Preference: Sell position is envisaged if price trades below 1.26854 with take profit at 1.26686. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: USD/CAD pares intraday losses amid a sluggish European morning on Friday. Alike other major currency …

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Daily Market Analysis 10/12/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.32345 with take profit at 1.32480. Bearish Preference: Sell position is envisaged if price trades below 1.31967 with take profit at 1.31815. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: The GBPUSD pair edged higher during the early part of the trading action on Friday and …

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Daily Market Analysis 08/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1793.43 with take profit at 1795.46. Bearish Preference: Sell position is envisaged if price trades below 1785.37 with take profit at 1783.40. Fundamentals:4:30pm USD JOLTS Job Openings Comment: The wave of omicron-inspired growth optimism sweeping financial markets overnight appears to be tempting a few gold …

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Daily Market Analysis 08/12/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16458.22 with take profit at 16498.65. Bearish Preference: Sell position is envisaged if price trades below 16330.93 with take profit at 16303.97. Fundamentals:4:00pm USD JOLTS Job Openings Comment: U.S. stock futures were mostly flat in early trading Wednesday, a day after stocks continued their upward climb …

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Daily Market Analysis 08/12/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.579 with take profit at 113.674. Bearish Preference: Sell position is envisaged if price trades below 113.258 with take profit at 113.152. Fundamentals:4:00pm USD JOLTS Job Openings Comment: The dollar was down on Wednesday morning in Asia also, global equity markets and oil prices surged on …

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Daily Market Analysis 08/12/2021: DE30

Instrument: DE30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15855.6 with take profit at 15890.6. Bearish Preference: Sell position is envisaged if price trades below 15731.0 with take profit at 15695.9. Fundamentals:No major Fundamental Comment: The German DAX traded higher on Monday after it hit support near 15100 on Friday. That said, the recovery …

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Daily Market Analysis 07/12/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.569 with take profit at 113.680. Bearish Preference: Sell position is envisaged if price trades below 113.436 with take profit at 113.320. Fundamentals:No Major Fundamental Comment: The Pair is trading higher on Tuesday after reassuring news on the Omicron coronavirus variant drove up demand for riskier …

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