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Daily Analysis

Daily Market Analysis 12.05.2023: OIL

Instrument: OIL Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 74.92 with take profit at 75.11 Bearish Preference: A sell position is envisaged if price trades  below 74.26 with take profit at  74.05 Fundamentals:No major Fundamentals Comment: Crude oil is steady at the start of trade on Friday after retreating overnight with the US Dollar finding …

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Daily Market Analysis 12.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2013.17 with take profit at  2014.96. Bearish Preference: A sell position is envisaged if the price trades below 2007.70 with take profit at 2006.05. Fundamentals:3PM USD Prelim UoM Consumer Sentiment Comment:Gold prices steadied on Friday after reversing all their gains this week as …

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Daily Market Analysis 11.05.2023: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.25850 with take profit at 1.25995. Bearish Preference: A sell position is envisaged if the price trades below 1.25340 with take profit at 1.25160. Fundamentals:12:00 pmGBP    BOE Monetary Policy Report            GBP    MPC Official Bank Rate Votes …

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Daily Market Analysis 11.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2027.41 with take profit at 2031.07. Bearish Preference: A sell position is envisaged if the price trades below price 2014.22 with take profit at 2009.18. Fundamentals:1:30 pmUSDCore PPI m/mPPI m/mUnemployment Claims Comment:Gold showed a muted reaction to the CPI data, as investors bet …

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Daily Market Analysis 10.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2034.41  with take profit at  2035.91 Bearish Preference: A sell position is envisaged if the price trades below 2028.20  with take profit at 2026.40 Fundamentals:1:30pm USD CPI m/m             USD CPI y/y             USD Core CPI m/m Comment: Gold …

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Daily Market Analysis 10.05.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 13269.85 with take profit at  13281.27 Bearish Preference: A sell position is envisaged if the price trades below 13222.69 with take profit at 13209.05 Fundamentals:1:30pm USD CPI m/m             USD CPI y/y             USD Core CPI m/m Comment: The …

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USDJPY Ananlysis

Daily Market Analysis 10.05.2023: USDJPY

Instrument: USDJPY+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 135.603 with take profit at  136.267 Bearish Preference: A sell position is envisaged if the price trades below 134.655 with take profit at 134.022 Fundamentals:1:30pm USD CPI m/m             USD CPI y/y             USD Core CPI …

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Daily Market Analysis 10.05.2023: OIL

Instrument: OILS+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 77.66 with take profit at  78.67 Bearish Preference: A sell position is envisaged if the price trades below 76.45 with take profit at 75.67 Fundamentals:None with High Impact Comment: Oil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in U.S. oil inventories …

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Daily Market Analysis 09.05.2023: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.26078 with a take profit at 1.26181. Bearish Preference: A sell position is envisaged if the price trades below price 1.25891 with a take profit at 1.25649. Fundamentals:None with High Impact Comment: The U.S. dollar edged higher in early European trade Tuesday, while sterling …

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Daily Market Analysis 09.05.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 13305.29 with take profit at  13317.29. Bearish Preference: A sell position is envisaged if the price trades below 13275.10 with take profit at 13259.36. Fundamentals:None with High Impact Comment:U.S. stocks are seen opening marginally lower Tuesday, as investors cautiously await the release of …

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