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Daily Market Analysis 04|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 64.92 with take profit at 65.41 Bearish Preference: Sell is envisaged if price trades below 64.21 with take profit at 63.87. Fundamentals:All Day – OPEC-JMMC Meetings  Comment: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing …

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Daily Market Analysis 04|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 107.190 with take profit at 107.330. Bearish Preference: Sell is envisaged if price trades below 107.037 with take profit at 106.880. Fundamentals:6:05PM – Fed Chair Powell Speaks Comment: The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during …

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Daily Market Analysis 03|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: Sell is envisage if price trades below 63.65 with take profit at 62.25. Bullish Preference: Buy is envisaged if price trades above 64.19 with take profit at 64.55. Fundamentals:4:30pm USD Crude Oil Inventories  Comment: Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this …

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Daily Market Analysis 03|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.39409 with take profit at 1.39106. Bullish Preference: Buy is envisaged if price trades above 1.39963 with take profit at 1.40266. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change4:00pm    USD ISM Services PMI Comment: The pair gained traction through the first half of the trading action on Wednesday …

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Daily Market Analysis 03|03|2021: US30

Instrument: US30 Technical Analysis Bearish Preference: Sell is envisage if price trades below 31273 with take profit at 31159 Bullish Preference: Buy is envisaged if price trades above 31649 with take profit at 31776 Fundamentals:2:15pm USD ADP Non-Farm Employment Change  Comment: After a strong start to March, stocks and index ETFs slipped on Tuesday, as tech stocks dragged down the …

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Daily Market Analysis 03|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1728.95 with take profit at 1720.14. Bullish Preference: Buy is envisaged if price trades above 1741.54 with take profit at 1750.36. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change Comment: Gold inched down on Wednesday morning in Asia, with U.S. Treasury yields continued their fall and put pressure …

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Daily Market Analysis 02|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below price 62.16 with a take profit at  price 60.05. Bullish Preference: A Buy position  is envisaged if price trades above price 63.80  with take profit at price 64.70. Fundamentals:No major fundamentals Comment: OPEC’s crude production plunged last month as Saudi Arabia delivered extra cutbacks …

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Daily Market Analysis 02|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 106.710 with a take profit before 106.538. Bullish Preference: A Buy position  is envisaged if price trades above price 107.099  with take profit before price 107.287. Fundamentals:7:00pm    USD     FOMC Member Brainard Speaks8:00pm    USD     FOMC Member Daly Speak  Comment: Currency markets have …

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Daily Market Analysis 02|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below price 1703.97 with a take profit at  price 1696.45. Bullish Preference: A buy position  is envisaged if price trades above price 1727.25  with take profit at price 1738.90. Fundamentals:7:00pm     USD     FOMC Member Brainard Speaks8:00pm    USD     FOMC Member Daly Speak  …

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Daily Market Analysis 02|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 1.20089 with a take profit before 1.19905 Bullish Preference: A buy position  is envisaged if price trades above price 1.20233  with take profit before price 1.20335 Fundamentals:9:00am   EUR      Spanish Unemployment Change    9:55am     EUR     German Unemployment Change11:00am    EUR …

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