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Daily Analysis

Daily Market Analysis 17.08.2023: GOLD

Instrument: GOLD  Bullish Preference: Buy position is envisaged if the price trades above 1898.24 With take profit at 1901.46. Bearish Preference: Sell position is envisaged if the price trades below 1893.62 with take profit at 1890.71. Fundamentals:1:30PM USD Unemployment Claims Comment: Gold prices steadied in Asian trade on Thursday, and were nursing three days of losses as hawkish signals from the …

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USDJPY Ananlysis

Daily Market Analysis 17.08.2023: USDJPY

Instrument: USDJPY Bullish Preference: Buy position is envisaged if the price trades above 146.503 with take profit at 146.871. Bearish Preference: Sell position is envisaged if the price trades below 146.056 with take profit at 145.807. Fundamentals:1:30PM USD Unemployment Claims Comment: The dollar strengthened against a basket of currencies after the Fed minutes, coming within sight of an over two-month high …

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Daily Market Analysis 16.08.2023: GOLD

Instrument: GOLD  Bullish Preference: A buy position is envisaged if the price trades above 1907.64  With take profit at 1908.67 Bearish Preference: A sell position is envisaged if the price trades below 1901.96 with Take profit at 1901.00 Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: Gold price flirts with the crucial support of $1,900 as investors await the Federal Open Market …

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Daily Market Analysis 16.08.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.09656 With take profit at 1.09812 Bearish Preference: A sell position is envisaged if the price trades below 1.08885 with Take profit at 1.08756 Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: European stock markets stabilized Wednesday, with investors digesting better than expected U.K. inflation numbers, more corporate earnings …

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Daily Market Analysis 16.08.2023: USDCHF

Instrument: USDCHF Bullish Preference: A buy position is envisaged if the price trades above 0.87956 with take profit at 0.88126 Bearish Preference: A sell position is envisaged if the price trades below 0.87706 with take profit at 0.87555 Fundamentals:No Major fundamental Comment: The dollar climbed higher Tuesday with the release of stronger than expected U.S. retail sales for July, indicating that American …

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USDJPY Ananlysis

Daily Market Analysis 16.08.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 145.933 with take profit at 146.792 Bearish Preference: A sell position is envisaged if the price trades below 145.004 with take profit at 144.568 Fundamentals:No Major fundamental Comment: The U.S. dollar edged lower in early European trade Wednesday, handing back recent gains ahead of the release …

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Daily Market Analysis 15.08.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: A buy position is envisaged if the price trades above 1.27185 with take profit at 1.27306 Bearish Preference: A sell position is envisaged if the price trades below 1.26928 with take profit at 1.26824 Fundamentals:1:30 PM USD Core Retail Sales m/mEmpire State Manufacturing IndexRetail Sales m/m  Comment: The Pound Sterling rose against the dollar on Tuesday …

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Daily Market Analysis 15.08.2023: US100

Instrument: US100 Bullish Preference: A buy position is envisaged if the price trades above 15203.25 with take profit at 15229.57 Bearish Preference: A sell position is envisaged if the price trades below 15151.12 with take profit at 15099.45 Fundamentals:1:30 PM USD Core Retail Sales m/mEmpire State Manufacturing IndexRetail Sales m/m   Comment: Analysts are looking for an increase of 1.5% from …

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USDCAD Analysis

Daily Market Analysis 15.08.2023: USDCAD

Instrument: USDCAD Bullish Preference: A buy position is envisaged if the price trades above  1.34868  With take profit at 1.34975 Bearish Preference: A sell position is envisaged if the price trades below 1.34663 with Take profit at 1.34533 Fundamentals:1:30 PM USD Core Retail Sales m/mEmpire State Manufacturing IndexRetail Sales m/m  Comment: Economists are calling for a rise in Canadian headline …

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Daily Market Analysis 15.08.2023: GOLD

Instrument: Gold  Bullish Preference: A buy position is envisaged if the price trades above 1908.77 WithTake profit at 1910.71 Bearish Preference: A sell position is envisaged if the price trades below 1901.20 with Take profit at 1899.26 Fundamentals:1:30 PM USD Core Retail Sales m/mEmpire State Manufacturing IndexRetail Sales m/m   Comment: The gold price continues to languish going into Tuesday’s trading …

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