Manufacturing PMI 54.7 vs 54.4 expected
Another divergence between manufacturing and services which makes sense as the social (services sector) is more vulnerable to COVID-19 transmission. EURUSD unfazed on this and the coming vaccine will mean all this will be looked through in the big picture.
Analyzing the current trading chart of Gold, I found that there was a strong downside rotation due to overbought condition but that support is near the active price.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got VIX and Feeder Cattle today and on the bottom Wheat and Crude Oil.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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