Bearish Preference: Sell position is envisaged if price trades below 30562 with take profit at 30398
Bullish Preference: Buy position is envisaged if price trades above 30632 with take profit at 30798
Unemployment Claims (US) 2:30 PM
Comment: The healthy earnings reported by tech companies have supported the index. The optimism towards the $1.9 trillion COVID-19 packages from President Joe Biden is expected to continue to dominate sentiment, further pushing the index to the upside.
Bearish Preference: Sell position is envisage if price trades below 1.19962 with take profit at 1.19750
Bullish Preference: Buy position is envisaged if price trades above 1.20279 with take profit at 1.20490
Unemployment Claims (US) 2:30 PM
Comments: Pessimism over the U.S economic recovery from COVID-19 receded ahead of the release of the U.S. payrolls report. Investors’ sentiment for the dollar recently improved as COVID-19 vaccination programs continue globally, the $1.9 trillion stimulus package proposed by U.S. President Joe Biden advances through Congress and economic data that has slowly but surely been improving forcing some bearish investors to retreat from their short positions. On the data front, the U.S. payrolls report for January, including non-farm payrolls, will be released on Friday. The release will be a test for the dollar’s recent rise, as the data will show how the U.S. economy reacted to the dip in growth seen near the end of 2020.
Bullish Preference: Buy position is envisage if price trades above 59.01 with take profit at 59.51
Bearish Preference: Sell position is envisaged if price trades below 58.56 with take profit at 58.03
No major economic data with bearing on the commodity expected.
Comments: Oil was up Thursday morning in Asia, after the Organization of the Petroleum Exporting Countries and allies, or OPEC+, vowed to continue with a reduced output policy at a meeting on Wednesday. The U.S. also reported a draw in crude oil supplies. “Crude prices have been rising higher now that OPEC+ has convinced the energy market that they are determined in accelerating market re-balancing without delay,”
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.
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..
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.
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