Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36083 with take profit at 1.36226 Bearish Preference: Sell position is envisaged if price trades below 1.35578 with take profit at 1.35403 Fundamentals:3:00PM USD: Fed Chair Powell Testifies CB Consumer Confidence Comment: BP/USD Is currently on the Backfoot. A modest pullback in the Pound this …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27090 with take profit at 1.27226. Bearish Preference: Sell position is envisaged if price trades below 1.26641 with take profit at 1.26510. Fundamentals: 1:30pm CAD CPI m/m Comment: Tuesday’s softer-than-expected US CPI report suggested that the big surge in inflation this year may have peaked and eased fears …
Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 110.164 with take profit at price 110.227. Bearish Preference: A sell position is envisaged if price trades below price 110.053 with take profit at price 109.988. Fundamentals: No major fundamental. Comment: Last Friday, we held the view that ‘the weakness in USD could PUSH ABOVE 109.50 first …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.002 with take profit at 110.132. Bearish Preference: Sell position is envisaged if price trades below 109.834 with take profit at 100.732. Fundamentals:No major fundamentals Comment: USD traded between 109.55 and 109.88 last Friday, narrower than our expected sideway-trading range of 109.55/110.05. Momentum indicators are still ‘flat’ and …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1813.10 with take profit at 1814.82. Bearish Preference: Sell position is envisaged if price trades below 1807.26 with take profit at 1805.77. Fundamentals:No Major Fundamental Comment: Gold markets were content to watch from the sidelines overnight, with gold finishing almost unchanged at USD 1814.00 an ounce, …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.194 with take profit at 110.297. Bearish Preference: Sell position is envisaged if price trades below 109.869 with take profit at 109.773. Fundamentals:1:30 PM USD Core retail Sales USD Retail Sales3:00PM USD Prelim UoM …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18842 with take profit at 1.18951. Bearish Preference: Sell position is envisaged if price trades below 1.18492 with take profit at 1.18381. Fundamentals:No Major Fundamentals Comment: The USD perched up to a fresh two-month-high on the morning of NFP. But, once the details of the report were incorporated …
Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.77825 with take profit at 0.77938. Bearish Preference: Sell position is envisaged if price trades below 0.77680 with take profit at 0.77564. Fundamentals:2:45pm USD Flash Manufacturing PMI Comment: The Australian dollar came under pressure Wednesday as FOMC minutes mentioned tapering of asset purchases, specifically …
Instrument: GOLDs Technical Analysis Bullish Preference: Buy is envisage if price trades above 1793.55 with take profit at 1795.56. Bearish Preference: Sell is envisaged if price trades below 1787.56 with take profit at 1785.48. Fundamentals:1:30pm USD Unemployment Claims Comment: Gold will likely stage a breakout one way or the other post the US Non-Farm Payrolls. The topside is more likely …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.23253 with take profit at 1.23456. Bearish Preference: Sell is envisaged if price trades below 1.22771 with take profit at 1.22597. Fundamentals:USD 1:30PM Advance GDP q/q Advance GDP Price Index q/q …
