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Daily Analysis

Daily Market Analysis 14.08.2023: EURJPY

Instrument: EURJPY Bullish Preference: A buy position is envisaged if the price trades above 158.820 with take profit at 159.123 Bearish Preference: A sell position is envisaged if the price trades below 157.770 with a take profit at 157.437 Fundamentals:No Major fundamental Comment: European stock markets traded in a mixed fashion Monday, as investors digested better-than-expected German inflation numbers as well …

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USDCAD Analysis

Daily Market Analysis 14.08.2023: USDCAD

Instrument: USDCAD Bullish Preference: A buy position is envisaged if the price trades above 1.34037 with take profit at 1.34401 Bearish Preference: A sell position is envisaged if the price trades below 1.33592 with a take profit at 1.33181 Fundamentals:No Major fundamental Comment: The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due …

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Daily Market Analysis 14.08.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.09598 with take profit at 1.09805 Bearish Preference: A sell position is envisaged if the price trades below 1.09237 with a take profit at 1.09030 Fundamentals:No Major fundamental Comment: The German economy has been hit by a toxic mix of weak trading with key partner China …

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Daily Market Analysis 14.08.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: A buy position is envisaged if the price trades above 1.27019 with take profit at 1.27248 Bearish Preference: A sell position is envisaged if the price trades below 1.26624 with a take profit at 1.26307 Fundamentals:No Major fundamental Comment: The dollar has been in demand after U.S. producer prices increased more than expected in July, data showed Friday, …

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Daily Market Analysis 10.08.2023: OIL WTI

Instrument: OIL WTI Bullish Preference: A buy position is envisaged if the price trades above 84.25 with a take profit at 84.59. Bearish Preference: A sell position is envisaged if the price trades below 83.69 with a take profit at 83.33. Fundamentals:1:30pmUSD CPI m/mUSD CPI y/yUSD Core CPI m/mUSD Unemployment Claims Comment: Oil prices stabilized on Thursday as investor caution …

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Daily Market Analysis 10.08.2023: GBPJPY

Instrument: GBPJPY Bullish Preference: A buy position is envisaged if the price trades above 183.768 with take profit at 183.920. Bearish Preference: A sell position is envisaged if the price trades below 183.386 with take profit at 183.208. Fundamentals:No High Impact Comment: A positive turnaround in the global risk sentiment – as depicted by a generally positive tone around the …

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Daily Market Analysis 10.08.2023: US100

Instrument: US100 Bullish Preference: A buy position is envisaged if the price trades above 15312.44 With Take profit at 15372.48 Bearish Preference: A sell position is envisaged if the price trades below 15219.47 with Take profit at 15149.74 Fundamentals:1:30pm USD CPI m/mUSD CPI y/yUSD Core CPI m/mUSD Unemployment Claims Comment: Dow slides as sea of red in tech persists; inflation …

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Daily Market Analysis 10.08.2023: GOLD

Instrument: GOLD Bullish Preference: A buy position is envisaged if the price trades above 1919.66 With Take profit at 1922.52 Bearish Preference: A sell position is envisaged if the price trades below 1916.69 with Take profit at 1913.93 Fundamentals:1:30pm USD CPI m/mUSD CPI y/yUSD Core CPI m/mUSD Unemployment Claims Comment: The yellow metal was trading down substantially over the past …

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Daily Market Analysis 09.08.2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 102.468 With Take profit at 102.519 Bearish Preference: A sell position is envisaged if the price trades below 102.271 with Take profit at 102.225 Fundamentals:No high impact bearing to this instrument Comment: The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month, …

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Daily Market Analysis 09.08.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.09822 With Take profit at 1.09866 Bearish Preference: A sell position is envisaged if the price trades below 1.09571 with Take profit at 1.09511 Fundamentals:No high impact bearing to this instrument Comment: European stock markets traded higher Wednesday, as investors attempted to recoup recent losses while digesting more …

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