Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.17618 with take profit at 1.17998.
Alternative scenario: Sell position is envisaged if price trades below 1.17182 with take profit at 1.16899
ISM Manufacturing PMI (US) 3 PM
Comment: US Treasury Secretary Steven Mnuchin has given himself and House Speaker Nancy Pelosi another go at reaching a deal on a new relief package, and both are reporting progress. Optimism from Capitol Hill is boosting markets risk appetite and pushing the safe-haven dollar lower.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 27965 with take profit at 28184.
Alternative scenario: Sell position is envisaged if price trades below 27513 with take profit at 27073.
ISM Manufacturing PMI (US) 3 PM
Comment: U.S. stocks finished the session higher Wednesday, shaking off an unsettling presidential debate, to focus on the prospects of a new round of economic stimulus to help Americans and businesses climb out of the depths of the coronavirus crisis.
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Adefuwa Ayodele