Bearish Preference: Sell position is envisaged if price trades below 2009.2 with take profit at 2004.6
Bullish Preference: Buy position is envisaged if price trades above 2015.9 with take profit at 2020.0
No major economic data
Comment: The index continued its recent surge ahead of Christmas as a rally in domestic small caps company fuel sentiment. The growing confidence of investors about the development of coronavirus vaccines which could contribute to economic recovery soonest as added to optimism around small companies. The index is envisaged to continue its surge as market participants watch development in Fiscal relief after the President challenged Congress to increase payment from $600 to $2000 to American workers.
Bullish Position: Buy position is envisaged if price trades above 1885.50 with take profit 1895.30
Bearish Position: Sell position is envisaged if price trades below 1869.00 with take profit at 1850.53
No major economic data with direct bearing on this commodity
Comment: Gold's continued bullish move resumed after Trump threatened to veto the stimulus bill that was approved. This news actually overshadowed the jobs data that recently came out which was good for the economy. Trump's idea is to increase the stimulus bill from $600 to $2000 per person, which could cause inflation and weaken the dollar further, hence a reason Gold has been bullish.
Bullish Position: Buy position is envisaged if price trades above 1.22156 with a take profit 1.22300
Bearish Position: Sell position is envisaged if price trades below 1.21835 with take profit at 1.21462
No major economic data with direct bearing on this pair
Comment: The EURO has seen massive gains as the dollar's weakness continues and the currency declines further. This continued strength in the euro came because of the decision that may be made on Brexit today, which could give continued strength to the euro. The dollar has seen a steep decline ad may further see a continued decline if the stimulus bill will be agreed to move from $600 to $2000 per person. Hence, it will be best to see continued upside in the Euro today.
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