Analyst
Bullish Preference: Buy position is envisaged if price trades above 1.18655 with take profit at 1.19018.
Bearish Preference: Sell position is envisaged if price trades below 1.18334 with take profit at 1.17982.
Average Hourly Earnings m/m (USD) 2:30 pm
Non-farm employment change (USD) 2:30 pm
Unemployment rate (USD) 2:30 pm
Comments: The rise in the COVID-19 cases last week saw a Euro fall, but as most European economies are seeing their governments lock down the economy in order to control the virus, this has caused some stability in the EUR also the US elections has caused uncertainty in the markets, investors are jittery on investing in dollars. A presumption that after the elections frenzy settles and thing go back to normal, can we see an attractive dollar?
Bullish Preference: Buy position is envisaged if price trades above 1956.34 with take profit at 1968.97
Bearish Preference: Sell position is envisaged if price trades below 1941.74 with take profit at 1927.92
Average Hourly Earnings m/m (USD) 2:30 pm
Non-farm employment change (USD) 2:30 pm
Unemployment rate (USD) 2:30 pm
Comments: The US elections have given gold some bullish sting, as former vice president Joe Biden looks to be next US president and there were no blue waves in this election so the republicans look to keep the senate. The Stimulus plans are not looking to be huge as the democrats would want it to be if there was a blue wave. So market uncertainty has made investors sceptical on the USD, so a bullish prospect on Gold would be on the card.
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