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Daily Market Analysis 30/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1802.24 with take profit at 1804.33. Bearish Preference: Sell position is envisaged if price trades below 1795.27 with take profit at 1792.89. Fundamentals:No Major Fundamental Comment: Gold was down on Thursday morning in Asia as investors continue to monitor the implication of the omicron COVID-19 variant …

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Daily Market Analysis 28/12/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16625.11 with take profit at 16677.47. Bearish Preference: Sell position is envisaged if price trades below 16513.45 with take profit at 16451.94. Fundamentals:No Major Fundamental Comment: As the worst fears of the impact of the new variant have subsided, investors have been returning to risk assets. …

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Daily Market Analysis 24/12/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 76.88 with take profit at 77.17. Bearish Preference: Sell position is envisaged if price trades below 75.88 with take profit at 75.60. Fundamentals:No Major Fundamental Comment: Brent crude futures snapped a three-day rally on Friday in light trade, with many investors away for the holidays, …

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Daily Market Analysis 23/12/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.13521 with take profit at 1.13636. Bearish Preference: Sell position is envisaged if price trades below 1.13188 with take profit at 1.13084. Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: European stock markets are expected to open marginally higher Thursday, continuing the global rally amid …

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Daily Market Analysis 22/12/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16032.18 with take profit at 16120.50. Bearish Preference: Sell position is envisaged if price trades below 15905.46 with take profit at 15828.66. Fundamentals:2:30pm USD Final GDP q/q Comment: Asian session markets were broadly up on Wednesday as the risk appetite of global investors rises heading …

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Daily Market Analysis 16/12/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.13103 with take profit at 1.13197. Bearish Preference: Sell position is envisaged if price trades below 1.12903 with take profit at 1.12817. Fundamentals:1:45pm EUR Main Refinancing RateEUR Monetary Policy Statement2:30pm EUR ECB Press Conference Comment: European stock markets traded sharply higher Thursday, with investors reacting positively …

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Daily Market Analysis 16/12/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1788.45 with take profit at 1790.86. Bearish Preference: Sell position is envisaged if price trades below 1783.55 with take profit at 1780.96. Fundamentals:2:30pm USD Philly Fed Manufacturing Index USD Unemployment Claims3:15pm USD Industrial Production m/m3:45pm USD Flash Manufacturing PMI3:45pm USD Flash Services PMI Comment: European …

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Daily Market Analysis 15/12/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference:Buy position is envisaged if price trades above 1771.89 with take profit at 1773.79. Bearish Preference: Sell position is envisaged if price trades below 1764.94 with take profit at 1762.62. Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m8:00pm USD FOMC Economic Projections Comment: Gold was down on Wednesday morning in Asia, as …

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Daily Market Analysis 14/12/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference:Buy position is envisaged if price trades above 1785.97 with take profit at 1787.65. Bearish Preference: Sell position is envisaged if price trades below 1781.63 with take profit at 1779.97. Fundamentals:No major fundamental Comment: Gold prices were down on Tuesday morning, but moves were small as investors await decisions from key central banks …

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Daily Market Analysis 13/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1786.65 with take profit at 1788.34. Bearish Preference: Sell position is envisaged if price trades below 1782.04 with take profit at 1780.34. Fundamentals:6:00pm GBP Bank Stress Test Results6:30pm GBP BOE Gov Bailey Speaks Comment: Gold was up on Monday morning in Asia, as investors await key …

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