Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 105.081 with take profit at 105.643.
Alternative scenario: Sell position is envisaged if price trades below 104.200 with take profit at 103.517
CPI m/m (USD) 1:30PM
Core CPI m/m (USD) 1:30 PM
Treasury Sec Mnuchin Speaks (USD) 3:00 PM
Comment: The news of the US government's attempt to contain the epidemic in the US and the notion of President Trump’s proposal for a payroll tax cut, seems to be leading the risk appetite higher.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1668.79 with take profit at 1680.96.
Alternative scenario: Sell position is envisaged if price trades below 1654.68 with take profit at 1643.98.
CPI m/m (USD) 1:30PM
Core CPI m/m (USD) 1:30 PM
Treasury Sec Mnuchin Speaks (USD) 3:00 PM
Comment: Gold prices seem to be rising after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic support demand for the precious metal.
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Adefuwa Ayodele