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Daily Market Analysis 05|03|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1706.23 with take profit at 1717.23. Bearish Preference: Sell position is envisaged if price trades below 1685.55 with take profit at 1675.00 Fundamentals:2.30PM – Non-Farm Employment Change        Average Hourly Earnings      Unemployment Rate Comment: Gold has in little over two months gone from being …

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Daily Market Analysis 05|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 108.351 with take profit at 108.530. Bearish Preference: Sell position is envisaged if price trades below 107.938 with take profit at 107.722. Fundamentals:2.30PM – USD    Non-Farm Employment Change          USD Average Hourly Earnings m/m          USD  Unemployment Rate Comment: The …

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Daily Market Analysis 05|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.39402 with take profit at 1.40062. Bearish Preference: Sell is envisaged if price trades below 1.38213 with take profit at 1.37634. Fundamentals:2.30PM – Non-Farm Employment Change        Average Hourly Earnings      Unemployment Rate Comment: The dollar was up on Friday morning in Asia, …

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Daily Market Analysis 04|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.39454 with take profit at 1.39727. Bearish Preference: Sell is envisaged if price trades below 1.39141 with take profit at 1.38880. Fundamentals:4:00PM – Unemployment Claims6:05PM – Fed Chair Powell Speaks Comment: GBP/USD has been resisting yield-driven dollar strength ahead of Fed Chair Powell’s speech as the …

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Daily Market Analysis 04|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 64.92 with take profit at 65.41 Bearish Preference: Sell is envisaged if price trades below 64.21 with take profit at 63.87. Fundamentals:All Day – OPEC-JMMC Meetings  Comment: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing …

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Daily Market Analysis 04|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 107.190 with take profit at 107.330. Bearish Preference: Sell is envisaged if price trades below 107.037 with take profit at 106.880. Fundamentals:6:05PM – Fed Chair Powell Speaks Comment: The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during …

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Daily Market Analysis 03|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: Sell is envisage if price trades below 63.65 with take profit at 62.25. Bullish Preference: Buy is envisaged if price trades above 64.19 with take profit at 64.55. Fundamentals:4:30pm USD Crude Oil Inventories  Comment: Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this …

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Daily Market Analysis 03|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.39409 with take profit at 1.39106. Bullish Preference: Buy is envisaged if price trades above 1.39963 with take profit at 1.40266. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change4:00pm    USD ISM Services PMI Comment: The pair gained traction through the first half of the trading action on Wednesday …

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Daily Market Analysis 03|03|2021: US30

Instrument: US30 Technical Analysis Bearish Preference: Sell is envisage if price trades below 31273 with take profit at 31159 Bullish Preference: Buy is envisaged if price trades above 31649 with take profit at 31776 Fundamentals:2:15pm USD ADP Non-Farm Employment Change  Comment: After a strong start to March, stocks and index ETFs slipped on Tuesday, as tech stocks dragged down the …

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Daily Market Analysis 03|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1728.95 with take profit at 1720.14. Bullish Preference: Buy is envisaged if price trades above 1741.54 with take profit at 1750.36. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change Comment: Gold inched down on Wednesday morning in Asia, with U.S. Treasury yields continued their fall and put pressure …

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