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Daily Market Analysis 10/06/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.562 with take profit at 109.643. Bearish Preference: Sell position is envisaged if price trades below 109.425 with take profit at 109.324. Fundamentals:USD 1:30PM    CPI m/m         1:30PM   Core CPI m/m      1:30PM     Unemployment Claims Comment: The dollar edged higher in early …

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Daily Market Analysis 09/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21925 with take profit at 1.22053. Bearish Preference: Sell position is envisaged if price trades below 1.21746 with take profit at 1.21655. Fundamentals:None with high impact on the pair. Comment: The dollar clung to marginal gains in early European trade Wednesday, but volatility was limited with traders …

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Daily Market Analysis 04|06|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21329 with take profit at  1.21471. Bearish Preference: Sell position is envisaged if price trades below 1.21069 with take profit at 1.20921. Fundamentals:1:30pm   USD    Average Hourly Earnings m/m               USD    Non-Farm Employment Change            …

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Daily Market Analysis 04|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.41457  with take profit at 1.41585. Bearish Preference: Sell position is envisaged if price trades below 1.41097 with take profit at 1.40977. Fundamentals:1:30pm   USD    Average Hourly Earnings m/m               USD    Non-Farm Employment Change              …

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Daily Market Analysis 04|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.359  with take profit at 110.509. Bearish Preference: Sell position is envisaged if price trades below 110.120 with take profit at 109.980. Fundamentals:12:00pm USD    Fed Chair Powell Speaks1:30pm   USD    Average Hourly Earnings m/m               USD    Non-Farm Employment Change    …

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Daily Market Analysis 03|06|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22022 with take profit at 1.22131. Bearish Preference: Sell position is envisaged if price trades below 1.21796 with take profit at 1.21688. Fundamentals:USD 1:15PM   ADP Non-Farm Employment Change         1:30PM   Unemployment Claims Comment: EUR/USD sheds ground for the third consecutive session …

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Daily Market Analysis 03|06|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1899.84 with take profit at 1902.45. Bearish Preference: Sell position is envisaged if price trades below 1891.08 with take profit at 1889.06. Fundamentals:3:00pm USD ISM Services PMI Comment: Gold was down on Thursday morning in Asia, but remained near five-year highs. investors digested China’s Caixin services economic …

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Daily Market Analysis 02|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.807 with take profit at price 109.907. Bearish Preference: A sell position is envisaged if price trades below price  109.589  with take profit at price 109.494. Fundamentals:No Major Fundamentals Comment: The dollar edged higher in early European trade Wednesday, climbing from a near five-month …

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Daily Market Analysis 01|06|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.22297 with take profit at price 1.22440. Bearish Preference: A sell position is envisaged if price trades below price  1.22009  with take profit at price 1.21870. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: The dollar weakened in early European trade Tuesday, slipping to multi-month lows …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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