05 July Friday View

Yesterday European Central Bank (ECB) and Bank of England (BOE) maintained easing bias with Minimum Bid Rate as expected at 0.50 % and Official Bank Rate as expected at 0.50 % ; Asset Purchase Program at 375 B.

Market really seems to be waiting for a catalyst to create some spark and that catalyst may be  today's US Nonfarm Employment Change and Unemployment Rate data to be published later today evening.

After yesterday's data releases, Euro slipped to a 5 week low and Pound as well plunged as the new BOE governor Mark Carney stated that recent surge in UK yields didn't reflect the country's economy.  All these helped USD get strong and Gold Weak. But still it is holding around key 30000 (USD 1244.21) support level. All support and resistance levels remain unchanged. Refer t o our previous posts for that.

Well, keep and eye and stay safe :)