Analyst
Bearish Preference: Sell position is envisaged if price trades below 30742 with take profit at 30552
Bullish Preference: Buy position is envisaged if price trades above 30886 with take profit at 31015
No major economic data with bearing on the index
Comment: A net loss of jobs was recorded in the US according to data released by the Bureau of Labor Statistics on Friday, revealing the damaging effect of the novel virus on the economy. The damaging effect of the lockdown was more pronounced in the hospitality sector with over 372,000 job loss. The data pulled the index down, but the impact was short-lived as market participants look forward to more stimulus from the incoming administration.
Bullish Preference: Buy position is envisaged if price trades above 55.35 with take profit at 55.98
Bearish Preference: Sell position is envisaged if price trades below 54.52 with take profit at 54.04.
No Fundamentals
Comments: Technically Oil has seen a rebounding on its price and the 50 EMA has served as a support for price, at the moment prices are close to the 50 EMA and we expect a rebound in prices, so for today we expect oil prices to rise.
Bullish Preference: Buy position is envisaged if price trades above 1.35155 with take profit at 1.35546
Bearish Preference: Sell position is envisaged if price trades below 1.34728 with take profit at 1.34312.
No Fundamentals
Comments: The buck had some strength last week Friday as this could be attributed to data's that favoured the USD. We saw average hourly earnings m/m increase from 0.2% to 0.8%, also the unemployment rate dropping to 6.7%. This report shows that the U.S recovery is in place and the dollar economy is on its way to a full recovery.
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