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Daily Market Analysis 02/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1790.10 with take profit at 1792.50. Bearish Preference: Sell position is envisaged if price trades below 1780.96 with take profit at 1778.88. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                USD   …

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Daily Market Analysis 02/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18509 with take profit at 1.18638. Bearish Preference: Sell position is envisaged if price trades below 1.18147 with take profit at 1.18013. Fundamentals:1:30 pm   EUR    ECB President Lagarde Speaks                USD    Average Hourly Earnings m/m        …

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Daily Market Analysis 01/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1780.02 with take profit at 1782.27. Bearish Preference: Sell position is envisaged if price trades below 1771.91 with take profit at 1769.54. Fundamentals:USD 1:30 PM Unemployment Claims         3:30 PM ISM Manufacturing PMI Comment: The dollar was headed for its biggest monthly rise …

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Daily Market Analysis 01/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38452 with take profit at 1.38617. Bearish Preference: Sell position is envisaged if price trades below 1.37804 with take profit at 1.37610. Fundamentals:GBP 9:00 AM BOE Gov Bailey Speaks         9:30 AM Final Manufacturing PMIUSD 1:30 PM Unemployment Claims        3:30 PM …

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Daily Market Analysis 30/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19114 with take profit at 1.19228. Bearish Preference: Sell position is envisaged if price trades below 1.18924 with take profit at 1.18817. Fundamentals:1:15pm    USD ADP Non-Farm Employment Change Comment: The dollar maintained its recent positive tone in early European trade Wednesday, as the spreading outbreak of …

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Daily Market Analysis 29/06/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.673 with take profit at 110.749. Bearish Preference: Sell position is envisaged if price trades below 110.420 with take profit at 110.310. Fundamentals:3:00pm    USD    CB Consumer Confidence. Comment: Financial markets are in risk-off mode, with the greenback firmer against most of its major rivals. Japan published the …

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Daily Market Analysis 29/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38709 with take profit at 1.38867. Bearish Preference: Sell position is envisaged if price trades below 1.38501 with take profit at 1.38394. Fundamentals:3:00pm    USD    CB Consumer Confidence. Comment: The dollar edged marginally higher in early European trade Tuesday, helped by concerns over the rise of …

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Daily Market Analysis 25/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39550 with take profit at 1.39730. Bearish Preference: Sell position is envisaged if price trades below 1.38819 with take profit at 1.38653. Fundamentals:1:30pm    USD    Core PCE Price Index m/m3:00pm    USD    Revised UoM Consumer Sentiment Comment: The dollar drifted lower in Asia on Friday as an agreement …

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Daily Market Analysis 24/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19468 with take profit at 1.19647. Bearish Preference: Sell position is envisaged if price trades below 1.19050 with take profit at 1.18895. Fundamentals:9:00 AM  EUR German ifo Business Climate                       ECB Economic Bulletin Comment: The dollar edged marginally …

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Daily Market Analysis 23/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1785.90 with take profit at 1789.39. Bearish Preference: Sell position is envisaged if price trades below 1778.50 with take profit at 1775.00. Fundamentals:2:45pm   USD Flash Manufacturing PMI               USD Flash Services PMI Comment: Gold was up on Wednesday morning in Asia …

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