Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 35.94 with take profit at 36.72 Alternative scenario: Sell position is envisaged if price trades below 35.39 with take profit at 34.57 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been supported recently by the gradual easing of lock down boosting sentiment of improved demand. …
Intraday: Bullish Technical Analysis Preference:Buy position is envisaged if price trades above 34.90 with take profit at 35.30 Alternative scenario: Sell position is envisaged if price trades below 32.89 with take profit at 32.20 Fundamentals:Baker Hughes Rig Count (US) 6pm Comment: The instrument has been over bought this week eventually setting a new high and the resistance at 36.90 proving …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09016 with take profit at 1.08836 Alternative scenario: Buy position is envisaged if price trades above 1.09260 with take profit at 1.09377 Fundamentals:ECB Monetary Policy Meeting Accounts (EUR) 12:30 pm Comment: The Greenback traded higher yesterday against an array of other currencies, the Euro inclusive and given that previous data released from the Eurozone has …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP Flash Manufacturing PMI 9:30amGBP Flash Services PMI 9:30amUSD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39607 with take profit at 1.40056 Alternative scenario: Sell position is envisaged if price trades below 1.38970 with take profit at 1.38573 Fundamentals:USD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: Technically, this pair reached a 14 day low, forming a double bottom which …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737 Alternative scenario: Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: The Canadian dollar is on the rise amid the better market …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08113 with take profit at 1.07834 Alternative scenario: Buy position is envisaged if price trades above 1.08286 with take profit at 1.08451 Fundamentals:No major economic data expected today Comment: The hawkish statement of the Chairman of the Federal Reserve earlier today is envisaged to lend …
