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Instrument: GOLD+ Bullish Preference:  A Buy position is envisaged if the price trades above 2032.71 With take profit at 2036.38 Bearish Preference: A Sell position is envisaged if the price trades below 2027.64 with Take profit at 2023.86 Fundamentals:USD  FOMC Meeting Minutes 8:00pm Comment: Copper and gold are expected to see the largest immediate price boost in the commodities sector …

Daily Market Analysis 21.02.2024: GOLD Read More »

Instrument:  US100+ Bullish Preference:   A Buy position is envisaged if the price trades above 17596.23  With Take profit at 17631.46 Bearish Preference:   A Sell position is envisaged if the price trades below 17523.80  with Take profit at 17494.61 Fundamentals:USD  FOMC Meeting Minutes 8:00pm Comment: In the lead-up to Nvidia (NASDAQ:NVDA) eagerly anticipated earnings announcement, big tech stocks, including Nvidia, have …

Daily Market Analysis 21.02.2024: US100 Read More »

Instrument: EURUSD Bullish Preference:  A Buy position is envisaged if the price trades above 1.09728  with a take profit at 1.09880 Bearish Preference:   A Sell position is envisaged if the price trades below 1.09397 with a take profit at 1.09268 Fundamentals:No Major Fundamental Comment:EUR/USD corrected downwards from late December to early January, but managed to stabilize and bounce after …

Daily Market Analysis 09.01.2024: EURUSD Read More »

Instrument: GOLD Bullish Preference:  A Buy position is envisaged if the price trades above 2037.82 with a take profit at 2041.21 Bearish Preference: A Sell position is envisaged if the price trades below 2029.76 with take profit at 2026.53 Fundamentals:No Major Fundamental. Comment: Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year …

Daily Market Analysis 09.01.2024: GOLD Read More »

Instrument: USDJPY Bullish Preference: Buy position is envisaged if price trades above 144.457 WithTake profit at 144.751 Bearish Preference:  Sell position is envisaged if price trades  below 143.249 with Take profit at 142.922 Fundamentals:3:49AM JPY:  Monetary Policy Statement  7:30AM BOJ Press Conference             Comment: The Bank of Japan (BoJ) will provide an update on monetary policy …

Daily Market Analysis 19.12.2023: USDJPY Read More »

Instrument: USDCAD Bullish Preference:  Buy position is envisaged if price trades above 1.34169  With take profit at 1.34356 Bearish Preference:  Sell position is envisaged if price trades  below 1.33836 with Take profit at 1.33715 Fundamentals: 2:30PM CAD:    CPI m/m  2:30PM  Median CPI y/y             2:30PM Trimmed CPI y/y         Comment: The U.S. dollar slipped against the …

Daily Market Analysis 19.12.2023: USDCAD Read More »

Instrument: OIL. WTI Bullish Preference:  Buy position is envisaged if price trades above 72.86 with take profit at 73.78 Bearish Preference:  Sell position is envisaged if price trades  below 71.59 with take profit at 71.18 Fundamentals:None with Expected High Impact Comment: Oil prices rose over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks …

Daily Market Analysis 18.12.2023: OIL WTI Read More »

Instrument: EURUSD Bullish Preference:  Buy position is envisaged if price trades above 1.09314 with take profit at 1.09448 Bearish Preference:  Sell position is envisaged if price trades  below 1.09058 with take profit at 1.08936 Fundamentals:None with Expected High Impact Comment: The dollar rebounded on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s …

Daily Market Analysis 18.12.2023: EURUSD Read More »

Instrument: USDCAD Bullish Preference:  A Buy position is envisaged if the price trades above 1.33942 With Take profit at 1.34056 Bearish Preference:  A Sell position is envisaged if the price trades below 1.33810 with Take profit at 1.33685 Fundamentals: USD:  Empire State Manufacturing Index 2:30pmIndustrial Production m/m  3:15pmFlash Manufacturing PMI    3:45pmFlash Services PMI     CAD       Foreign …

Daily Market Analysis 15.12.2023: USDCAD Read More »