Trading news

Short-term pullback is on the cards – DOW JONES Market Outlook – 08/01/2021

The Dow attempted to reach our 31300 resistance target in early trade today after confirming a third daily close in the green, at all time highs, as investors focuses on further stimulus prospects and a peaceful transition of power, disregarding the ongoing surge in Covid-19 and a struggling labor market. Non-Farm Payrolls data to be released today with previous: 245K vs. consensus at 75K. Technically, a pullback towards 31050 is looking favorable as momentum stalls.

Support: 31050/ 30900
Resistance: 31300/ 31500

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Friday, 08 Jan, 2021 / 9:20

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


USDCAD 5-Wave Impulse To Complete Triple Zigzag

The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]

Posted on Wednesday, 27 Jan, 2021 / 12:54 under

Republicans U-Turn On Trump Impeachment

Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]

Posted on Wednesday, 27 Jan, 2021 / 12:53 under

OIL breaking higher after a surprise drawdown in API inventories – US OIL Market Outlook – 27/01/2021

WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]

Posted on Wednesday, 27 Jan, 2021 / 9:26 under