Analyst
Bearish Preference: Sell position is envisaged if price trades below 56.16 with take profit at 55.29
Bullish Preference: Buy position is envisaged if price trades above 56.55 with take profit at 57.29
No major economic data with bearing on the commodity
Comment: The sentiment in the market is mixed with tighter restrictions in Germany in order to fight COVID-19 weighing on Oil demand while the hopes of increased fiscal stimulus from the Biden administration is creating a sense of faster recovery route to businesses.
Bearish Preference: Sell position is envisaged if price trades below 1.21179 with take profit at 1.21079.
Bullish Preference: Buy position is envisaged if price trades above 1.21669 with take profit at 1.21769.
President Biden Speaks (USD)
Comments: The dollar weakened in early European trade Wednesday, with risk sentiment on the rise after comments Janet Yellen, Joe Biden's nominee for Treasury Secretary, pointed towards substantial additional fiscal spending to stimulate the U.S. economy. Yellen appeared Tuesday in front of the Senate Finance Committee as part of her confirmation hearing, and the former Federal Reserve had urged Congress to “act big” on COVID-19 relief.
Bearish Preference: Sell position is envisaged if price trades below 30757 with take profit at 30661.
Bullish Preference: Buy position is envisaged if price trades above 30960 with take profit at 31043.
USD President Biden Speaks
Comments: Former Vice President, Joe Biden will be sworn in as the 46th U.S. president later today, and his to-do-lists will run extraordinarily long as he attempts to drag the country out of the worst pandemic in a century and mend fractures in American politics. But by at least one measure, Biden supporters might point to the incoming president’s bullish impact on the stock market since the Nov. 3 election as one early accomplishment, even if it’s hard to pin all the recent gains on the change in regime from Donald Trump to Biden.
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