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Daily Market Analysis 28|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13741.42 with take profit at 13763.97. Bearish Preference: Sell position is envisaged if price trades below 13674.45 with take profit at 13651.21. Fundamentals:1:30pm    USD     Core PCE Price Index m/m2:45pm    USD     Chicago PMI Comment: U.S. stock indexes were indicated higher Friday morning, in the …

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Daily Market Analysis 28|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20152 with take profit at 1.21177. Bearish Preference: Sell position is envisaged if price trades below 1.20712 with take profit at 1.20583. Fundamentals:1:30pm    USD     Core PCE Price Index m/m2:45pm    USD     Chicago PMI Comment: The buying opportunities in the US dollar pushed USD/CAD higher on …

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Daily Market Analysis 28|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1895.13 with take profit at 1897.35. Bearish Preference: Sell position is envisaged if price trades below 1884.45 with take profit at 1881.24. Fundamentals:1:30pm    USD     Core PCE Price Index m/m2:45pm    USD     Chicago PMI Comment: Gold was down on Friday morning in Asia as a …

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Daily Market Analysis 21|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13563.26 with take profit at 13587.05. Bearish Preference: Sell position is envisaged if price trades below 13486.18 with take profit at 13460.77. Fundamentals:2:45 PM  USD    Flash Manufacturing PMI Comment: U.S. stocks are seen opening marginally higher Friday, continuing the previous session’s rebound ahead of …

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Daily Market Analysis 21|05|2021: AUDUSD

Instrument: AUDUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 0.77825 with take profit at 0.77938. Bearish Preference: Sell position is envisaged if price trades below 0.77680  with take profit at 0.77564. Fundamentals:2:45pm    USD     Flash Manufacturing PMI Comment: The Australian dollar came under pressure Wednesday as FOMC minutes mentioned tapering of asset purchases, specifically …

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Daily Market Analysis 21|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1879.92 with take profit at 1883.16. Bearish Preference: Sell position is envisaged if price trades below 1861.99 with take profit at 1855.89. Fundamentals:USD 2:45 PM     Flash Manufacturing PMI Comment: Gold was down on Friday morning in Asia as an improving economic outlook broadened investors’ …

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Daily Market Analysis 21|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21009 with take profit at 1.21147. Bearish Preference: Sell position is envisaged if price trades below 1.20709 with take profit at 1.20567. Fundamentals:1:30pm    CAD     Core Retail Sales m/m                CAD     Retail Sales m/m2:45pm    USD     Flash …

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Daily Market Analysis 14|05|2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference: Buy is envisage if price trades above 0.86353 with take profit at 0.86470. Bearish Preference: Sell is envisaged if price trades below 0.86007 with take profit at 0.85895. Fundamentals:None with high impact.  Comment:  The EUR/GBP cross edged lower through the first half of the European session and dropped to fresh one-month-lows, around the …

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