TradersLive.com | Daily Market Analysis | China ties weaken. 02.08.21

TradersLive.com | Daily Market Analysis | China ties weaken. 02.08.21

good morning and thank you for joining our daily outlook and today we’ll cover the changes in the dollar yen pair where we’ll be sharing insights from our trading desk the dollar yen pair made a minor upwards correction in the last session gaining 0.2 percent the stochastic indicator is giving a negative signal the bitcoin dollar pair plummeted 1.7 in the last session the stochastic rsi indicates an overbought market the gold fell 0.7 against the dollar in the last trading session the rsi is giving a positive signal the oil rose 0.5 against the dollar in the last trading session the stochastic rsi indicates an overbought market thank you for sharing with us now let’s hear from our news department u.s west texas intermediate and international benchmark brent crude oil futures finished higher led by the global benchmark which topped the 75 dollar a barrel level putting it in a position to challenge its july top at 76 private equity firm clayton dubier and rice is poised to start a bidding war for the british supermarket shane morrisons the target of an 8.8 billion offer from a u.s group china’s role as a key driver of the australian dollar is being re-evaluated in global markets helping send the currency to levels well below where traditional modeling suggests it should be thank you for this now coming up today’s major economic event the u.s ism manufacturing pmi will be released at 1400 gmt the u.s market manufacturing pmi at 1345 gmt japan’s tokyo cpi at 2330 gmt the dutch market manufacturing pmi will be released at 700 gmt germany’s retail sales at 600 gmt japan’s jabun bank manufacturing pmi at 2330 gmt we hope that you’ve enjoyed today’s market outlook on behalf of all of us here we wish you a productive trading day be sure to log in tomorrow morning for the latest news and events from the financial market
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TradersLive.com | Daily Market Analysis | China ties weaken. 02.08.21

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