Daily Market Report by GulfBrokers 2020-2021

[syamfx2020]

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.

 

[syamfx2020]

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.

 

[ForexWarrior2020]

Such crazy moves last night with FOMC. Could be a shift in market structure completely now

 

[syamfx2020]

US Dollar remains extra volatile after the FED meeting. DXY jumped to a 2-months high.

GOLD price testing the key level 1800.

Crude Oil prices struggling to find the upside momentum after strong inventory data.

Read more- https://gulfbrokers.com/en/daily-market-report-330

 

[syamfx2020]

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

 

[syamfx2020]

UK supermarket firm Morrisons (LON: MRW) share price bounced more than 30%.
Crude Oil and GOLD prices started the new week on a positive note.
EURUSD slightly rebounded ahead of ECB Lagarde speech.

Read more- https://gulfbrokers.com/en/research/daily-summary

 

[syamfx2020]

This week the main highlights of the economic calendar- BOE meeting and US GDP.

Earnings to watch: Nike, Accenture and FexEx

 

[syamfx2020]

Crude Oil prices hit a fresh 2-year high.
EURUSD reversed most of yesterday's gain.
GOLD price retreat back to below 1780.
US Dollar steady ahead of Fed Powell's testimony.
Technical analysis - EURUSD and Gold

Read more- https://gulfbrokers.com/en/daily-market-report-333

 

[syamfx2020]

Tesla: Temporary downtrend over?

Tesla (NASDAQ: TSLA) stock is down more than 15% since the last Earnings report.

Read my detailed blog about the $TSLA technical outlook and the 3 ongoing challenges Tesla facing these days - https://gulfbrokers.com/en/tesla-temporary-downtrend-over

 

[syamfx2020]

UK, Germany, and Eurozone reported better-than-expected manufacturing PMI data.

Crude Oil price extends higher while GOLD trading sideways.

US stock futures holding the previous session gains.

Technical analysis - Gold and GBPUSD

Read more- https://gulfbrokers.com/en/daily-market-report-334