technical analysis

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...

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the July meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT. Along with this release will see the ECB...

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the July meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT. Along with this release will see the ECB...

GOLD price retreat back to near 1800. in the short-term, the gold price is supported at 1790, any break below this level will open the doors to $1780 and $1772. On the other flip side, the immediate resistance at 1818, any break over targets 1825/30.

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.

Gold price trading slightly lower ahead of US retail sales report. The metal needs a clear break of the previous session high 1834 to move further upside 1840/45. On the flip side, a breakdown through 1818/15 would negate that bias and suggest a test of the 1810/00 support region.

Gold price rose to a fresh monthly high of $1832 on Thursday. The recent bullish move supported by the renewed coronavirus surge in many parts of the world and a sharp rise in U.S inflation. In the short-term If the bullish momentum continues the next upside levels to watch $1836/40. EQUITIES...

Thinking about investing in Tesla stock? please watch my detailed analysis about Tesla stock -

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.

Euro trades near the support 1.1800 area. If it breaks below 1.18 the next downside levels to watch 1.1770 and 1.1740. On the upper side, the first immediate resistance can be found at 1.1850 then 1.1890.

Stay-at-home stock Zoom (NASDAQ: ZM) gained more than 20% since the start of June 2021. Will the stock sustain bull run? Read my detailed blog here- https://gulfbrokers.com/en/zoom-is-surging-will-the-stock-sustain-bull-run

US Dollar Index rebounded back to above 92.50 on a strong safe-haven bid. Crude Oil prices slightly recovered while GOLD stays above $1800 ahead of FED minutes. EURO remains lower against the US dollar and British pound. Read more- https://gulfbrokers.com/en/daily-market-report-344

The currency pair up more than 70 pips from yesterday. If the bullish momentum continues the next upside levels to watch 0.9390 and 0.9420. On the downside, 0.9240 remains a crucial support area to watch.

GOLD and Silver prices rebounded. Oil prices struggling to find the upside momentum. GBPUSD and EURUSD slightly recovered from the fresh monthly lows. Global stocks remain under pressure driven by the recent inflation pressures. Read more- https://gulfbrokers.com/en/daily-market-report-331

EURUSD plunged to 8-week lows. At the time of writing, the pair hovers below the demand area of 1.1980. While considering the 160 pips drop in the last 24hrs it may try to rebound back to 1.2030 in the short term.

The metal slightly rebounded after the previous session sell-off. For today, the gold price supported at $1790. On the upper side, the immediate resistance around 1830/32 any break above this level will open 1842.

US dollar index steady ahead of US retail sales report. GOLD price remains under pressure after the previous session sell-off. AUDUSD slips after RBA minutes. WTI rebounds back above $71, focus shits to API data. technical analysis - USD and Gold Read more-...

US oil price benchmark West Texas Intermediate (WTI) gained more than 6% since the start of June and reached the highest level since 2018. Read my detailed fundamental and technical analysis of WTI here - https://gulfbrokers.com/en/us-oil-trades-above-70-mark-can-the-rally-last

Bitcoin holds the previous session gains but stays below 40k. GBPUSD recovered from the early session lows. GOLD price extends losses while US oil price steady above $70. Technical analysis - GBPUSD and Gold Read more- https://gulfbrokers.com/en/daily-market-report-327

This week is expected to be a remarkably busy one, the main attractions going to the US Federal Reserve and Bank of Japan will hold their policy meeting later this week. Read my weekly technical analysis of GOLD, EURUSD, Dollar and Dow jones - https://gulfbrokers.com/en/weekly-technical-analysis