Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. Federal Reserve has repeatedly made it clear that the main criterion for winding down support measures would be a stronger labor market. Most interestingly, after disappointing data in July, where unemployment rose to 5.9%, we saw a strong strengthening in August, with unemployment falling to 5.4%. Many analyst agencies have noted that the growth in the labor market has been hampered by those very "American" payouts. In other words, many companies...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB's July monetary policy report highlighted the need for an interest rate policy review. EUR/GBP,D1 Pivot: 0.8585 Analysis: While the price is above 0.8453, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8585 Take Profit 1: 0.8630 Take Profit 2: 0.8703 Alternative scenario: If the level 0.8453 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The deputy Governor Hawkesby stated that the rate hike was postponed more because of communication difficulties than risks. NZD/CHF,D1 Pivot: 0.6360 Analysis: Provided that the currency pair is traded below 0.6496, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6360 Take Profit 1: 0.6230 Take Profit 2: 0.6130 Alternative scenario: In case of break-out of the level 0.6496, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: aiming further at 130.50. EUR/JPY,D1 Pivot: 129.36 Analysis: While the price is below 130.39, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.36 Take Profit 1: 128.50 Take Profit 2: 126.66 Alternative scenario: If the level 130.39 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 130.39 Take Profit 1: 132.12 Take Profit 2: 133.15...
Source: PaxForex Premium Analytics Portal, Technical Insight The weakening of the yen across the market has supported the GBP/JPY. GBP/JPY,D1 Pivot: 151.27 Analysis: While the price is below 153.44, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.27 Take Profit 1: 149.60 Take Profit 2: 146.60 Alternative scenario: If the level 153.44 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 153.44 Take Profit 1:...
