Analyst
Bearish Preference: Sell position is envisaged if price trades below 29977 with take profit at 29915
Bullish Preference: Buy position is envisaged if price trades above 30061 with take profit at 30189
No major economic data with direct bearing on the index
Comment: The Dow index surged higher on Friday after data released by the Bureau of Labor Statistics showed that only 245,000 jobs were created in November, with Unemployment coming out steady at 6.7%. The weaker than expected job data further strengthened optimism of the passage of fresh stimulus to support the job market.
Bullish Preference: Buy position is envisaged if price trades above 49.19 with take profit at 49.75.
Bearish Preference: Sell position is envisaged if price trades below 48.50 with take profit at 47.87.
No Fundamentals
Comment: The surge in corona virus cases has seen a decrease in oil prices, California a major consumer of oil, saw a spike in their covid cases causing the governor to issue out a state lock-down, this has affected the prices of oil and dragged oil prices lower. The reduction in oil prices are just for a moment until the vaccines are being distributed for use.
Bullish Preference: Buy position is envisaged if price trades above 1.21216 with take profit at 1.21656.
Bearish Preference: Sell position is envisaged if price trades below 1.20950 with take profit at 1.20572.
No major economic data with bearing on the pair
Comment: Technically the instrument is trading close to resistance and we expect prices to drop a bit lower. On Friday we saw the non-farm payroll data come out well below forecast but prolonged Brexit negotiations have made investors sceptical investing in the EUR at the moment. Investors would look forward to the Monetary Policy Statement coming out on Thursday for further guidance.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele