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Daily Analysis

Daily Market Analysis 24.07.2023: GOLD

Instrument: GOLD Bullish Preference: A buy position is envisaged if the price trades above 1969.84 with take profit at 1972.73. Bearish Preference: A sell position is envisaged if the price trades below 1962.09 with take profit at 1958.97. Fundamentals:2:45pmUSD Flash Manufacturing PMIUSD Flash Services PMI Comment: Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors …

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Daily Market Analysis 24.07.2023: US100

Instrument: US100 Bullish Preference: A buy position is envisaged if the price trades above 15603.58 with take profit at 15644.67. Bearish Preference:  A sell position is envisaged if the price trades below 15504.08 with take profit at 15447.62. Fundamentals:2:45pmUSD Flash Manufacturing PMIUSD Flash Services PMI Comment:  Wall Street’s main indexes were set to open higher on Monday as investors geared up for …

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Daily Market Analysis 24.07.2023: AUDJPY

Instrument: AUDJPY Bullish Preference: A buy position is envisaged if the price trades above 95.214 with take profit at 95.327. Bearish Preference:  A sell position is envisaged if the price trades below 95.020 with take profit at 94.915. Fundamentals:None with High Impact on the Pair Comment:  The dollar and euro made a firm start on Monday to a week full …

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US500 Analysis

Daily Market Analysis 24.07.2023: US500

Instrument: US500 Bullish Preference: A buy position is envisaged if the price trades above 4571.9 with take profit at 4576.3. Bearish Preference: A sell position is envisaged if the price trades below 4554.6 with take profit at 4549.7. Fundamentals:2:45pmUSD Flash Manufacturing PMIUSD Flash Services PMI Comment: U.S. stocks were trading in a mixed fashion during Sunday’s evening deals, following a …

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Daily Market Analysis 21.07.2023: GOLD

Instrument: GOLDs Bullish Preference: A buy position is envisaged if the price trades above 1968.85 with take profit at 1972.66 Bearish Preference:  A sell position is envisaged if the price trades below 1965.90 with take profit at 1962.95. Fundamentals:None with High Impact Comment:  Gold has been on a steady 2-month high as weak inflation data from the UK and the …

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Daily Market Analysis 21.07.2023: OIL

Instrument: OILs Bullish Preference: A buy position is envisaged if the price trades above 80.40 with take profit at 80.78. Bearish Preference: A sell position is envisaged if the price trades below 80.07 with take profit at 79.74. Fundamentals:None with High Impact Comment: China’s stimulus to push up growth (supportive policies) and its outlook for demand for oil is on …

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Daily Market Analysis 20.07.2023: EURJPY

Instrument: EURJPY Bullish Preference: A buy position is envisaged if the price trades above 156.286 with take profit at 156.474. Bearish Preference:  A sell position is envisaged if the price trades below 156.018 with take profit at 155.855. Fundamentals:None with High Impact Comment:  Monetary policy divergences between the European Central Bank (ECB) and the Bank of Japan (BoJ) weighed on …

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USDJPY Ananlysis

Daily Market Analysis 20.07.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 140.181 with take profit at 140.534. Bearish Preference: A sell position is envisaged if the price trades below 139.018 with take profit at 138.605. Fundamentals:1:30pm USD Unemployment Claims Comment: Markets are closely watching for any signals on future rate hikes, after softer-than-expected U.S. inflation readings ramped …

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Daily Market Analysis 18.07.2023: CADJPY

Instrument: CADJPY Bullish Preference: A buy position is envisaged if the price trades above 104.999 WithTake profit at 105.189 Bearish Preference:  A sell position is envisaged if the price trades below 104.595 with Take profit at 104.396 Fundamentals:1:30PM   CAD:  CPI m/m                      Median CPI y/y              …

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USDCAD Analysis

Daily Market Analysis 18.07.2023: USDCAD

Instrument: USDCAD Bullish Preference: A buy position is envisaged if the price trades above  1.32124  With take profit at 1.32249 Bearish Preference: A sell position is envisaged if the price trades below 1.31757 with Take profit at 1.31632 Fundamentals:1:30PM   CAD:  CPI m/m                      Median CPI y/y            …

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