Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 74.92 with take profit at price 75.12. Bearish Preference: A sell position is envisaged if price trades below price 74.25 with take profit at price 74.09. Fundamentals: 3:30pm USD Crude Oil Inventories Comment: Oil prices climbed nearly $1 on Wednesday after industry data showed a larger than …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27090 with take profit at 1.27226. Bearish Preference: Sell position is envisaged if price trades below 1.26641 with take profit at 1.26510. Fundamentals: 1:30pm CAD CPI m/m Comment: Tuesday’s softer-than-expected US CPI report suggested that the big surge in inflation this year may have peaked and eased fears …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18192 with take profit at 1.18287. Bearish Preference: Sell position is envisaged if price trades below 1.17888 with take profit at 1.17784. Fundamentals: None with High Impact on the Pair Comment: The dollar drifted in tight trading ranges Wednesday, with the recent release of soft U.S. inflation data …
Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1804.93 with take profit at price 1807.04. Bearish Preference: A sell position is envisaged if price trades below price 1798.86 with take profit at price 1796.75. Fundamentals: None with High Impact on the commodity Comment: Gold was down this morning in Asia, but remained above the $1,800-mark. …
Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 110.162 with take profit at price 110.227. Bearish Preference: A sell position is envisaged if price trades below price 109.961 with take profit at price 109.900. Fundamentals: 1:30pm USD CPI m/m USD Core CPI m/m Comment: The release of the latest U.S. …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18366 with take profit at 1.18479. Bearish Preference: Sell position is envisaged if price trades below 1.18209 with take profit at 1.18107. Fundamentals: 1:30pm USD CPI m/m USD Core CPI m/m Comment: The Euro has given away some of its gains against the …
Instrument: USDCAD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.26672 with take profit at price 1.26793. Bearish Preference: A sell position is envisaged if price trades below price 1.26318 with take profit at price 1.26193. Fundamentals: 1:30pm USD CPI m/m USD Core CPI m/m Comment: USD/CAD bears take a breather following …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.24 with take profit at 74.39. Bearish Preference: Sell position is envisaged if price trades below 73.51 with take profit at 73.29. Fundamentals: No major fundamental. Comment: Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.95 with take profit at 74.54. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.65. Fundamentals: No major fundamental. Comment: Earlier Last week OPEC decided to increase output by 400,000 barrels per day (bpd) for the month of October, in line with …
Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 110.164 with take profit at price 110.227. Bearish Preference: A sell position is envisaged if price trades below price 110.053 with take profit at price 109.988. Fundamentals: No major fundamental. Comment: Last Friday, we held the view that ‘the weakness in USD could PUSH ABOVE 109.50 first …
