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Daily Market Analysis 02/11/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36692 with take profit at 1.36878 Bearish Preference: Sell position is envisaged if price trades below 1.36192 with take profit at 1.35912 Fundamentals:No major fundamental Comment: The currency pair has failed to capitalize on the modest bearish pressure surrounding the dollar at the start of …

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Daily Market Analysis 29/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1798.47 with take profit at 1800.59 Bearish Preference: Sell position is envisaged if price trades below 1793.22 with take profit at 1790.35 Fundamentals:1:30pm USD Core PCE price    IndexUSD Chicago PMI3:00pm USD Revised UoM Consumer Sentiment Comment: Gold was down on Friday morning in Asia, …

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Daily Market Analysis 28/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1804.70 with take profit at 1809.83 Bearish Preference: Sell position is envisaged if price trades below 1794.35 with take profit at 1789.05 Fundamentals:1:30pm Advanced GDP 1:30pmUnemployment Claims Comment: Gold up as US Bond Yields Falls. We are in a consolidation period for gold, but policy …

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Daily Market Analysis 28/10/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.670 with take profit at 113.799. Bearish Preference: Sell position is envisaged if price trades below 113.474 with take profit at 113.357. Fundamentals:1:30PM US Advance GDP q/q1:30pm Unemployment Claims Comment: The dollar edged higher in early European hours Thursday, with policy decisions by central bankers in …

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Daily Market Analysis 27/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16059 with take profit at 1.16125. Bearish Preference: Sell position is envisaged if price trades below 1.15824 with take profit at 1.15736. Fundamentals:1:30pm USD Core Durable Goods Order Comment: EUR/USD has been moving up and down in a tight channel around 1.1600 since Tuesday with investors …

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Daily Market Analysis 25/10/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37947 with take profit at 1.38043. Bearish Preference: Sell position is envisaged if price trades below 1.37553 with take profit at 1.37438. Fundamentals:No major fundamental Comment: The GBP/USD pair extended its rejection slide from the very important 200-day SMA and witnessed some selling for the second …

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Daily Market Analysis 13/10/2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 0.84940 with take profit at 0.85025. Bearish Preference: A Sell position is envisaged if price trades below price 0.84691 with take profit at 0.84611. Fundamentals:All DAY G20 Meetings Comment: The UK GDP monthly release showed that the economy expanded less-than-expected in August, arriving at 0.4% …

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Daily Market Analysis 08/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.15729 with take profit at 1.15809 Bearish Preference: Sell position is envisaged if price trades below 1.15534 with take profit at 1.15428 Fundamentals:1:30pm USD Average Hourly Earnings m/mUSD  Non-Farm Employment ChangeUSD Unemployment Rate Comment: The Federal Reserve indicated at its last meeting that it is likely to …

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Daily Market Analysis 08/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.92 with take profit at 1763.18 Bearish Preference: Sell position is envisaged if price trades below 1751.54 with take profit at 1749.31 Fundamentals:1:30pm USD Average Hourly Earnings m/mUSD  Non-Farm Employment ChangeUSD Unemployment Rate Comment: The dollar edged higher Friday ahead of the release of the highly-anticipated …

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