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Daily Market Analysis 11/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17277 with take profit at 1.17407. Bearish Preference: Sell position is envisaged if price trades below 1.16992 with take profit at 1.16837. Fundamentals:1:30pm     USD CPI m/m                 USD Core CPI m/m Comment: The dollar strengthened in early European trading Wednesday, extending …

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Daily Market Analysis 06/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18177 with take profit at 1.18302. Bearish Preference: Sell position is envisaged if price trades below 1.17946   with take profit at 1.17807. Fundamentals:1:30pm USD    Average Hourly Earnings m/m    USD     Non-Farm Employment Change    USD    Unemployment Rate Comment: The dollar was up on Friday morning in Asia …

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Daily Market Analysis 04/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39383 with take profit at 1.39493. Bearish Preference: Sell position is envisaged if price trades below 1.39162 with take profit at 1.39049. Fundamentals:1:15pm    USD ADP Non-Farm Employment Change3:00pm    USD ISM Services PMI Comment: The dollar edged lower Wednesday, remaining near recent lows ahead of the …

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Daily Market Analysis 03/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1813.10 with take profit at 1814.82. Bearish Preference: Sell position is envisaged if price trades below 1807.26 with take profit at 1805.77. Fundamentals:No Major Fundamental Comment: Gold markets were content to watch from the sidelines overnight, with gold finishing almost unchanged at USD 1814.00 an ounce, …

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Daily Market Analysis 03/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39486 with take profit at 1.39654. Bearish Preference: Sell position is envisaged if price trades below 1.39081 with take profit at 1.38900. Fundamentals:No Major Fundamental Comment: The dollar edged lower Tuesday in tight trading ranges, with traders reluctant to take strong positions ahead of the …

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Daily Market Analysis 03/08/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.227 with take profit at 109.342. Bearish Preference: Sell position is envisaged if price trades below 109.030 with take profit at 108.877. Fundamentals:No Major Fundamental Comment: The dollar was down on Tuesday morning in Asia, recording losses against the safe-haven Japanese yen. Concerns over the most recent COVID-19 …

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Daily Market Analysis 30/07/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24815 with take profit at 1.24973. Bearish Preference: Sell position is envisaged if price trades below 1.24202 with take profit at 1.24054. Fundamentals:1:30pm    CAD    GDP m/m1:30pm    USD    Core PCE                        Price Index m/m2:45pm    USD    Chicago PMI3:00pm   …

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Daily Market Analysis 30/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19052 with take profit at 1.19223. Bearish Preference: Sell position is envisaged if price trades below 1.18722 with take profit at 1.18591. Fundamentals:9:00am    EUR    German                            Prelim GDP q/q1:30pm    USD    Core PCE    …

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