#OPINIONLEADER#
Currency call summary 23 07 2021:
USDCAD look for buying if price can break through 1.2585 with a 30 pip stop loss and a 60 pip stop loss before the resistance level at 1.2688. Tonight at 20:30 GMT+8 the CAD has Core Retail Sales (MoM) at -2.2% expected and Retail Sales (MoM) with -3.0% expected with a likely miss here this would be bearish for the CAD. The US has PMI data coming out from 21:45 with the Manufacturing PMI (July) expecting 62.0 and Services PMI (July) expecting 64.8 both these are preliminary values given that July is yet to finish but will help guide markets to the manufacturing status with numbers likely close to expectations seeing the bullish case for the DXY held up with a push to 93.00 likely. BTCUSD & ETHUSD was discussed at the end of the call and more downside pressures are being seen still here with buying opportunities at below 30k for BTC and at 1500 for ETH.
- 00:06:19
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