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tuesday

Daily Market Analysis 18|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm    GBP    BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also  hovering close to multi-month lows against …

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Daily Market Analysis 11|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.41305 with take profit at 1.41537. Bearish Preference: Sell position is envisaged if price trades below 1.40899 with take profit at 1.40663. Fundamentals:3:30 PM    GBP    BOE Gov Bailey Speaks Comment: The dollar was up on Tuesday morning in Asia, but gains were capped by expectations that …

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Daily Market Analysis 11|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13290.50  with take profit at 13315.68. Bearish Preference: Sell position is envisaged if price trades below 13127.36 with take profit at 13099.50. Fundamentals:No major fundamental.  Comment:  The stocks markets are seen flat since the start of the week and weakening at the open Tuesday, following …

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Daily Market Analysis 04|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1786.47 with take profit at 1789.00. Bearish Preference: Sell position is envisaged if price trades below 1781.44 with take profit at 1778.85. Fundamentals:None with high Impact Comment: Disappointing ISM manufacturing PMI on Monday, along with a temporary dip in Treasury yields below 1.6%, saw gold kick …

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Daily Market Analysis 04|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20217 with take profit at 1.20404. Bearish Preference: Sell position is envisaged if price trades below 1.19812 with take profit at 1.19608. Fundamentals:No Major fundamentals  Comment:  Confidence is growing throughout Europe over its recovery from the pandemic as the rate of vaccination in EU member …

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Daily Market Analysis 04|05|2021: OILs

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.83 with take profit at 68.09. Bearish Preference: Sell position is envisaged if price trades below 67.20 with take profit at 66.97. Fundamentals:None with high Impact Comment: Oil inched up early Tuesday morning in Asia as investors remained optimistic the continued economic recovery in regions such …

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Daily Market Analysis 04|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13794.68 with take profit at 13816.42. Bearish Preference: Sell position is envisaged if price trades below13707.64 with take profit at 13689.63. Fundamentals:No Major fundamentals  Comment:  Asian share markets were mostly positive Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major …

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Daily Market Analysis 24|03|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 32409 with take profit at 32506. Bearish Preference: Sell position is envisaged if price trades below 32209 with take profit at 32101. Fundamentals:3:00pm  USD Fed Chair Powell Testifies Comment: Stock markets are seen opening lower Wednesday, continuing the global weakness, as doubts about the speed of …

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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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