Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.17099 with take profit at 1.16964
Alternative scenario: Buy position is envisaged if price trades above 1.17413 with take profit at 1.17524
Average Hourly Earnings m/m (USD) 1:30 pm
Non-Farm Employment Change (USD) 1:30 pm
Unemployment Rate (USD) 1:30pm
Revised UoM Consumer Sentiment (USD) 3:00 PM
Comment: The dollar has enjoyed a smooth ride against a basket of major currencies because of the recent release of positive economic data from the US. The pair is envisaged to trade lower today as U.S. President Donald Trump testing positive for the COVID-19 virus hit risk sentiment, resulting in a demand for safe-haven currencies ahead of the all-important Non-Farm Payroll later today.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1917.00 with take profit at 1922.00
Alternative scenario: Sell position is envisaged if price trades below 1909.00 with take profit at 1900.00
Average Hourly Earnings m/m (USD) 1:30 pm
Non-Farm Employment Change (USD) 1:30 pm
Unemployment Rate (USD) 1:30pm
Revised UoM Consumer Sentiment (USD) 3:00 PM
Comment: Gold traded higher this morning on the news that Donald Trump and Melania tested positive to coronavirus after their brief visit to airforce one. This re-ignited investor's fears on the impact of COVID-19, this weakened U.S equities but boosted Gold. The bullish run on gold is envisaged to continue pending the release of the job data from the US later today.
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