JasonTee92

JasonTee92

US dollar weakness and uncertainty of Brexit talks benefit the gold to surge towards $1950. Today's markets highlight will be on the ECB interest rate decision, along with the ECB press conference. Expansionary of the stimulus package could boost the gold price to surge. Therefore, if the ECB press conference hints at expanding the stimulus package may trigger the...

JasonTee92

Spot gold close lower as US Labor Day holiday and the fluctuation was limited. Despite President Trump touts Vaccine by October, gold hold firms at $1925 at the Asian Session due to the market remains uncertainty of the Brexit negotiation and ECB Minutes ahead. Technically, the price is hovering in the range, and if the price breaks low, the support of $1921, it...

JasonTee92

Crude oil extended its retreat and bolstering the USDCAD continues to surge above 1.3100. Markets focus is on the BoC Minutes tomorrow and expected to leave policy unchanged. Technically, if the price able to close above the level of 1.31, expected the price might extending the rally towards the resistance level of 1.3145 or 1.32

JasonTee92

Dow Futures tumbled more than 500 points led by a sell-off in tech shares. Besides, Investors are monitoring progress on a vaccine for the pandemic and continued signals of support from central banks and government to support the economy. Today's markets highlight will be on the US Non-Farm Payroll if the result is outstanding may trigger the soaring of Dow...

JasonTee92

Gold continues under pressure as the US dollar strengthen amid US Jobless Claims fell below 1 million last week for the second time since the pandemic. Technically, gold rebounds from the bottom and surging towards the 10 MA at 4 Hour TF. If the price breaks above the 10 MA, expected the price might extending towards the next resistance of 1962/1966. Conversely,...

JasonTee92

Shrugging off the weaker ADP Employment data, the Dow futures traded above 29,0000 points as the Fed's Beige Book showed the US economic activity had increased. Today's market focus is on the US Jobless Claims, which will be released tonight. If the results missed the market estimation, it might pull the Dow Futures back to the support area. Conversely, an upbeat...

JasonTee92

Despite the ADP employment data missed the market estimation, gold tumbled to the lowest as the US dollar Strengthen. Today's market focus is on the US Jobless Claims which will be released tonight. So far, as we noted that, the forecast is better than the previous. Thus, if the result is outperformed, it may cause the gold to continue the downtrend. Conversely,...

JasonTee92

Despite the crude oil inventories fell, the USDCAD surged as the greenback's recovery. The number of US ADP employment data will be released tonight. An upbeat forecast may trigger the soaring of USDCAD. Besides, investors have to watch out the Fed member's speech and also the release of Fed Beige Book. Pessimism tone may pull the USDCAD to slip down to the...

JasonTee92

EURUSD rejected above 1.20, but this psychologically significant level was rejected quickly. Today's market focus is on the number of German retails sales and PPI for July, expected the result is better than the market expectation. Thus, it may bolster the EURUSD to surge. However, the number of US ADP employment data will be released tonight. An upbeat forecast...

JasonTee92

Crude oil settled lower as a surge in COVID-19 infections raised. However, today's market focus on the global manufacturing PMI data; if the result is better than the market expectation, it could boost the oil to surge. Moreover, investors should keep an eye on the API data, which will be released at midnight on Wednesday. The markets are expected the US crude...

JasonTee92

Dow Futures turned into the red after their components revamped. Moreover, The number of US. Markit manufacturing PMI and ISM manufacturing PMI for August. An upbeat forecast may trigger the Dow Futures to regain. However, if the result beats the market estimation, it could cause the Dow Futures to slip down.

JasonTee92

Gold rebounded from the bottom and erasing the lose on the last Thursday. Moreover, plenty of economic stats will be released this week, such as US's NFP and global manufacturing PMI data. If the result is worse than the market estimation, it may trigger the gold to surge to the resistance level. However, the investor should be keeping an eye on the status of...

JasonTee92

Dow Futures closed higher in the final hour of trading as investors cheer the Fed's new monetary policy framework which allows a more flexible inflation target and leaves the rate lower. Today's market focus is on the number of US Dallas Fed Manufacturing Index for August. If the result worse than the market estimation could cause the Dow futures to test the...

JasonTee92

Despite the US jobless claim result slightly above the market expectation, Dow Futures surged as the Fed mentioned to keep the rate at the lowest level. Investors should also to keep an eye on the Chicago PMI AUG and Michigan Consumer Sentiment SEP Final, which all data will be released tonight. If the result beats the market estimation, it may trigger the soaring...

JasonTee92

EURUSD closed with the flat after a choppy NY. post-Fed session. The markets will be shifted the attention to the number of German and EU Consumer Climate. If the results are better than the market expectation, it may trigger the EURUSD to test the resistance level. However, investors should be keeping an eye on the number of Chicago PMI AUG and Michigan Consumer...

JasonTee92

Crude oil ricochets as the inventories fell by 4.689 million barrels which is the fifth consecutive period of decreased and traders braced for disruptions from Hurricane Laura. Therefore, as the markets reduced supply, it may trigger the crude oil to soar to the resistance level of $43.95/$44.25. However, if the environmental disaster over might pressure the crude...

JasonTee92

The gold rebound from the bottom as the investors remain cautious ahead of a highly anticipated speech Fed Chair- Powell will deliver a speech in the Jackson Hole Meeting and U.S.-China tensions over the South China Sea. Moreover, the traders have to keep an eye on the COME's Settlement Date Of Gold Futures In August. It may pressure the gold price fluctuation.

JasonTee92

UK Retails Sales for July will be announced today. Expectation of the data for today is weak and may giving the pound to go lower. On the other hand for the Dollar view , the economic data also will be announced today as well it also show the expectations is weak. Strategy implement for this pair is to scalp a little when the UK economic data release. Due to...