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Jerome Powell

Daily Market Analysis 22/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19025 with take profit at 1.19177. Bearish Preference: Sell position is envisaged if price trades below 1.18812 with take profit at 1.18692. Fundamentals:7:00 pm USD    Fed Chair Powell Testifies Comment: All eyes are on Fed chief Jerome Powell who appears before U.S. Congress from 1800 GMT, although …

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Daily Market Analysis 22/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39491 with take profit at 1.39699. Bearish Preference: Sell position is envisaged if price trades below 1.38630 with take profit at 1.38435. Fundamentals:7:00pm    USD    Fed Chair Powell Testifies Comment: The dollar stabilized in early European trade Tuesday, after handing back some of the previous week’s gains during the …

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Daily Market Analysis 16/06/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 34354 with take profit at 34434. Bearish Preference: Sell position is envisaged if price trades below 34166 with take profit at 34089. Fundamentals:USD 7:00 pm FOMC Economic Projections                       FOMC Statement                  …

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Daily Market Analysis 03|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.38808 with take profit at 1.38938. Bearish Preference: Sell position is envisaged if price trades below 1.38590 with take profit at 1.38473. Fundamentals:None with high Impact Comment: The Federal Reserve Chair Jerome Powell made his best efforts to say price rises are temporary. On the other hand, …

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Daily Market Analysis 30|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy is envisaged if price trades above 109.060 with take profit at 109.170. Bearish Preference: A sell is envisaged if price trades below 108.675 with take profit at 108.535. Fundamentals:None with high impact  Comment:  The dollar was up on Friday morning in Asia but was set for a fourth consecutive week of …

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Daily Market Analysis 09|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 109.642 with take profit at 109.742 Bearish Preference: Sell position is envisaged if price trades below 109.136 with take profit at 109.006. Fundamentals:1:30 pm USD  Core PPI m/m              USD  PPI m/m3:00 pm USD  Final Wholesale Inventories m/m Comment: The dollar was up …

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Daily Market Analysis 23|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.38471  with take profit at 1.38688. Bullish Preference: Sell position is envisaged if price trades below 1.38219 with take profit at 1.38030. Fundamentals:9:40am     GBP    MPC Member Haldane Speaks12:50pm    GBP    BOE Gov Bailey Speaks3:00pm     USD    Fed Chair Powell Testifies Comment: The dollar strengthened in early …

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Daily Market Analysis 23|03|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1741.78 with take profit at 1744.09. Bearish Preference: Sell position is envisaged if price trades below 1733.26 with take profit at 1731.19 Fundamentals:3:00pm USD Fed Chair Powell Speaks Comment: Gold was down on Tuesday morning in Asia as the dollar strengthened, and fresh COVID-19 restrictive measures …

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Daily Market Analysis 22|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below price 1725.82 with take profit at price 1721.64 Bullish Preference: A Buy position is envisaged if price trades above  1733.10 with a take profit at price 1737.42. Fundamentals:2:00pm USD Fed Chair Powell Speaks Comment: Gold prices slipped on Monday as investors opted for alternative …

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Daily Market Analysis 16|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19239 with take profit at 1.19368. Bearish Preference: Sell position is envisaged if price trades below 1.19098 with take profit at 1.18948 Fundamentals:1:30pm USD Core Retail Sales m/m        USD Retail Sales m/m3:00pm USD Business Inventories m/m Comment: Monday’s rebound came ahead of …

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