Daily Trading Analysis 06.11.2020

Technical & Fundamental analysis

Trading Analysis of USD/JPY US capacity in Q3: before +10.1% (assumed to +10.6%); unit labour costs -8.9% vs. the forecast. -11.0%; previous unit labor costs of +9.0% (cfm to +8.5%). The change in labor costs is because low-paid workers who were dismissed during quarantine in Q2 returned to work, so the composition of the workforce changed. Quarantine and reopening make it impossible to separate the signal and noise in this data series. Our Analysis: Provided that the currency pair is traded below 103.70, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 103.54 Take Profit 1: 103.20 Take Profit 2: 103.00 Alternative scenario: In case of breakout of the level 103.70, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 103.70 Take Profit 1: 103.95 Take Profit 2: 104.20 Learn More Trading Analysis of S&P 500 Index Futures on Dow Jones Industrial Average and Standard & Poor's 500 stock indices went down sharply at statements by U.S. President Donald Trump, who called the counting of votes in the presidential election "fraud. Our Analysis: Provided that the index is traded above 3485.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3510.00 Take Profit 1: 3550.00 Take Profit 2: 3587.00 Alternative scenario: In case of breakdown of the level 3485.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3485.00 Take Profit 1: 3440.00 Take Profit 2: 3405.00 Learn More Fundamental Trading Analysis of General Electric Two key points can be identified from the latest General Electric earnings report. First, the industrial generation of free cash flow (FCF) in 2020 will be better than most analytics feared. Second, there are real signs that the company's operational performance is improving. Both are crucial for long-term equity investments. Our Analysis: While the price is above 7.14, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 7.85 Take Profit 1: 8.56 Take Profit 2: 8.88 Alternative scenario: If the level 7.14 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 7.14 Take Profit 1: 6.63 Take Profit 2: 6.33 Learn More ‌ ‌ ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

Laino Group Limited | Cedar Hill Crest, Villa, Kingstown, St. Vincent & Grenadines Unsubscribe phanhoa1821960.trader@blogger.com About our service provider Sent by info@paxforex.org