Instrument: GOLD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 1720.48 with take profit at 1723.75
Bearish Preference:
A sell position is envisaged if price trades below price 1716.83 with take profit at 1713.75
Fundamentals:
1:15pm: EUR Main Refinancing Rate
EUR Monetary Policy Statement
1:30pm: USD Unemployment Claims
1:45pm: EUR ECB Press Conference
2:10pm: USD Fed Chair Powell Speaks
Comment:
Science Applications (NYSE:SAIC) reported a second quarter earnings that beat analysts’ forecasts and revenue that was inline with expectations. Science Applications announced earnings per share of $1.75 on revenue of $1.83B. Science Applications shares are down 11.89% from the beginning of the year, still down 3.91% from its 52 week high of $97.82 set on July 29. They are outperforming the Nasdaq 100 which is down 24.79% from the start of the year.
Analysis: SCRUM Team