1. syamfx2020

    Pound regains momentum against the USD and Euro

    The British pound bounced 200 pips from the weekly lows after the USD gives back some of the gains. At the time of writing, the GBP/USD trades above 1.3760. Moving ahead to the end of the week, the GBP traders will now be focused on Friday’s UK retail sales figures. Economists are predicting a...
  2. syamfx2020


    GBPUSD hits a fresh 5 month low of 1.3607. On the downside, the next key support is near 1.36/1.3580. While on a weekly, if the GBP holds above 1.3540 there are chances the currency pair eventually rise back to above 1.3700.
  3. syamfx2020

    GBPUSD key levels to watch today

    GBPUSD hovers near the previous session low after the release of the BOE financial stability report. If the bearish momentum continues the next downside levels to watch the 1.3810/00 and 1.3780. On the flip side, the 1.3900 remains the crucial resistance area to watch.
  4. syamfx2020

    DAILY MARKET REPORT - Wednesday, June 16, 2021

    GOLD and Global stocks flat as investors await Fed update. The British pound rebounded after the UK inflation report. Oil prices extend higher boosted by better-than-expected API data. Technical analysis - GBPUSD and Gold Read more-
  5. syamfx2020

    DAILY MARKET REPORT - Friday, June 11, 2021

    Upbeat UK GDP data failed to impress the British pound. $1880 and $1904 are the key levels to watch for Gold today. US oil price stays above $70. European shares and the US stocks mixed ahead of G7 Summit. Technical analysis -Gold and GBPUSD Read more-...
  6. syamfx2020

    Watch for the momentum change: Gold and GBPUSD

    GOLD and GBPUSD hold the previous session gains. While today both the pairs expected to face resistance around 1905/10 and 1.4200/20. Gold- On the downside, any meaningful pullback now seems to find short term support today near 1886 and 1878. GBP/USD- On the downside, any meaningful pullback...
  7. syamfx2020

    DAILY MARKET REPORT - Monday, June 07, 2021

    Apple (NASDAQ: AAPL) shares trading slightly lower in the pre-market trading ahead of Apple Event. GBPUSD remains under pressure while the Dollar stays above 90.00. Crude oil price recovered from the Asian session lows. Technical analysis - GBP/USD and Gold Read more-...
  8. syamfx2020

    Key technical levels to watch ahead of NFP

    1 hour to go before the highly anticipated US jobs report. GOLD Support: 1865 & 1850 Resistance: 1875 & 1882 EURUSD Support: 1.2080 & 1.2050 Resistance: 1.2150 & 1.2180 GBPUSD Support: 1.4080 & 1.4030 Resistance: 1.4140 & 1.4180 DowJones Support: 34500 & 34300 Resistance: 34700 & 34850
  9. syamfx2020

    DAILY MARKET REPORT - Friday, June 04, 2021

    US Dollar steady ahead of NFP report. GBPUSD slightly rebounded after better-than-expected UK construction PMI. EURUSD remains flat following the release of weak Eurozone retail sales Crude oil prices hold weekly gains while Gold price stays below $1870. Technical analysis - Gold and GBP/USD...
  10. syamfx2020

    DAILY MARKET REPORT - Wednesday, June 02, 2021

    The video-conferencing company Zoom Video Communications Zoom (NASDAQ: ZM) reported strong Q1 earnings. Gold price stays below $1900 while crude oil prices hold gains. US Dollar rebounded back to above 90.00. Technical analysis: GBP/USD and Gold Read more -...
  11. syamfx2020

    DAILY MARKET REPORT - Friday, May 21, 2021

    The National Statistical Office (ONS) released the April month UK retail sales figures. The retail sales increased by 9.2% in April from 5.1% in March and on an annualised basis, the sales rose by 42.4%. The stronger-than-expected results boosted by the easing of coronavirus restrictions...
  12. syamfx2020

    DAILY MARKET REPORT - Wednesday, May 12, 2021

    The British pound recovered from the early session low after the March UK GDP reported better-than-expected. The data showed the UK economy grew 2.1% in March, compared to the 1.3% forecast. Meanwhile, during the first quarter (Jan to Mar) the economy contracted by 1.5%. EQUITIES US stock...
  13. syamfx2020

    DAILY MARKET REPORT - Thursday, May 06, 2021

    The British pound fell to a fresh session low of 1.3855 on Thursday after the Bank of England left the interest rate unchanged and kept the Asset Purchase Facility steady at £895 billion. The central bank said the outlook for the UK economy remains uncertain. While at the time of writing, the...
  14. syamfx2020

    Weekly Economic and Earnings Calendar 03/05/2021 – 07/05/2021

    Another busy week ahead as investors keep an eye on the UK BOE decision, US NFP report and Q1 earnings. Apart from this, there are several other important events to watch.
  15. syamfx2020

    DAILY MARKET REPORT - Tuesday, April 20, 2021

    The UK unemployment rate dropped to 4.9% in February, according to new data from the Office for National Statistics, from 5.0% in January. While the number of employees on payrolls fell by 56,000 in March compared to the previous month. EQUITIES US stock futures and European shares trading...
  16. syamfx2020

    DAILY MARKET REPORT - Tuesday, April 13, 2021

    UK GDP increased by 0.4% following a 2.2% decline in January while the figures missed the market estimates of 0.6%. On the other hand, UK manufacturing and industrial production numbers came better-than-expected. The British pound rose to a fresh session high of 1.3764 after the release of...
  17. syamfx2020

    DAILY MARKET REPORT - Friday, April 09, 2021

    China consumer price index (CPI) increased by 0.4 percent year on year in March, data from the National Bureau of Statistics (NBS) showed Friday. Meanwhile, on a month-over-month basis, the inflation declined to -0.5% from 0.6%. On the other hand, the producer prices rose by 4.4 percent...
  18. syamfx2020

    EURGBP time for a short term pullback?

    The pair plunged to a fresh year low of 0.8640. If the price won't break below 0.8600 we may see a pullback to 0.8690 then 0.8720. On the other side break below 0.8630, the next level to watch 0.8600/0.8580.
  19. syamfx2020

    DAILY MARKET REPORT - Thursday, Feb 18, 2021

    On Wednesday, the U.S. Commerce Department released the latest retail sales data. The data showed the retail sales for January increased stronger than anticipated, with a sharp gain of 5.9% against expectations of 1.1%. EQUITIES Wall Street ended higher on Wednesday boosted by...
  20. syamfx2020

    DAILY MARKET REPORT - Tuesday, Feb 16, 2021

    The UK has given the first dose of coronavirus vaccine to almost a quarter of the population, the Britain Government data showed the total receiving first vaccines doses was 15 million. Britain has reported over 117,000 virus-related deaths, the highest pandemic toll in Europe. Meanwhile, UK...