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
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
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
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...
EURUSD hovers near 1.2200 ahead of the highly anticipated European central bank meeting on Thursday.
Preview of the ECB meeting and EURUSD key technical levels- https://gulfbrokers.com/en/eurusd-hovers-near-12200-ahead-of-ecb-meeting
Digital payments firm Marqeta is set to begin trading on the NASDAQ today.
Oil prices hold the gains after weak API inventory data.
GOLD price struggling to find the direction.
Technical analysis - USDCAD and Gold
Read more- https://gulfbrokers.com/en/daily-market-report-324
Biotechnology firm, Moderna shares climb to new heights.
Dollar Index steady above 90 ahead of US trade balance data.
Crude oil prices fall ahead of the Inventory report.
Technical analysis - Gold and Dollar Index
Read more- https://gulfbrokers.com/en/daily-market-report-323
Gold price faces downside pressure after it failed to hold above 1900.
If the bearish momentum continues the next downside levels to watch today the 1885 and 1878 zone. On the flip side, the immediate resistance at 1900/05.
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
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...
Markets are likely to remain volatile for the next two days.
Gold reverses early gains ahead of US ADP data.
GBPUSD rebounded after the release of services PMI.
Technical analysis: EUR/GBP and Gold.
Read more here - https://gulfbrokers.com/en/daily-market-report-320
After the tremendous upside rally now the currency pair trading sideways. If the bullish momentum continues the next upside levels to watch 134.20/40.
On the flip side, the immediate support at 133.50 and any break will drag the pair to 132.90/50.