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Market Analysis

May 20, 2021

20-May-2021

1) GBP/USD Inches Back Closer To Mid-1.4100s Amid Weaker USD
2) EUR/USD Recovers Toward 1.22 As Fed Effect Fades Ahead Of Data
3) USD/CAD Rebounds Swiftly From 1.2100 Mark Amid A Sharp Fall In Oil Prices
4) XAU/USD Looks To Challenge Three-Month Highs Despite Fed’s Tapering Jitters
May 19, 2021

19-May-2021

1) GBP/USD Remains Confined In A Range Below 1.4200 Mark Post-UK CPI
2) EUR/USD Renews Three-Month Tops Near 1.2250 Ahead Of A Busy Docket
3) XAU/USD Poised To Test $1900 Amid A Bull Pennant, Focus On FOMC Minutes
4) USD/CAD Trades With Modest Gains Around 1.2075-80 Region, Lacks Follow-Through
May 18, 2021

18-May-2021

1) GBP/USD Edges Higher Toward 1.4200 After Upbeat UK Jobs Data
2) EUR/USD Well Placed For 1.22 On USD Sell-Off, Focus On Eurozone GDP, Lagarde
3) EUR/GBP Remains Depressed Below 0.8600 Mark, Moves Little Post-UK Jobs Data
4) XAU/USD Risks A Pullback Amid Overbought Conditions, Focus Shifts To Fed Minutes
May 17, 2021

17-May-2021

1) GBP/USD Trades Around 1.41 As The UK Eases Restrictions
2) XAU/USD’s Bullish Potential Intact Despite The US Dollar’s Bounce
3) USD/CAD Surrenders Modest Intraday Gains, Hangs Near 1.2100 Mark
May 12, 2021

12-May-2021

1) GBP/USD recovers early lost ground, flat-lined below mid-1.4100s
2) EUR/USD Remains Pressured Below 1.21 Ahead Of Critical US CPI Data
3) Gold Pressured Amid Fears Of Rising Inflation, Interest Rates
4) AUD/USD Bounces Off Weekly Lows, Still Deep In The Red Around 0.7810-15 Region
May 11, 2021

11-May-2021

1) EUR/USD Hovers Around 1.2150 Amid Inflation Fears, Ahead Of Data
2) GBP/USD Trades Off The Highs Amid Risk-Off Mood, Ahead Of Bailey
3) USD/JPY Clings To Modest Gains, Remains Below 109.00 Mark
4) AUD/USD Consolidates In A Range Below Mid-0.7800s Ahead Of Australia’s Federal Budget
May 10, 2021

10-May-2021

1) EUR/USD: Post-NFP Upsurge Stalls Ahead Of 1.2200 Mark, Bullish Potential Intact
2) GBP/USD: Seems Poised To Climb Further Beyond 1.4100 Mark
3) XAU/USD: Gold Set To Test 200-DMA Amid US Dollar’s Dead Cat Bounce
4) USD/CAD Refreshes Multi-Year Lows, Bears Await Sustained Break Below 1.2100 Mark
May 7, 2021

07-May-2021

1) EUR/USD Holds Steady Above 1.2050 Ahead Of Lagarde, NFP
2) USD/CAD Bears Take A Breather Ahead Of NFP/Canadian Jobs Report
3) GBP/USD Bulls Struggle To Seize Control Despite Hawkish Boe, Focus Shifts To NFP
4) USD/JPY Tests 109.00 Three-Day Downtrend As Japan Aims To Extend Virus-Led Emergency
May 5, 2021

05-May-2021

1) EUR/USD Hovers Around 1.20 Ahead Of EZ PMIs, Critical US Data
2) XAU/USD Challenges 100-SMA Support Again Ahead Of US Data
3) GBP/USD Trades Around 1.39 Amid Political Tensions
4) USD/CAD Set To Test April Lows At 1.2265 Amid WTI Rally, Ahead Of US Data

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