Source: PaxForex Premium Analytics Portal, Technical Insight The unemployment rate in the Eurozone fell from 8.1% to 8.0%. EUR/USD, D1 Pivot: 1.2197 Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2197 Take Profit 1: 1.2350 Take Profit 2: 1.2450 Alternative scenario: If the level 1.1980 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1980 Take Profit 1: 1.1880...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ, Hawksbee: Markets are ahead of the curve on rate hikes. Pivot: 0.7249 Analysis: While the price is above 0.7140, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7249 Take Profit 1: 0.7315 Take Profit 2: 0.7385 Alternative scenario: If the level 0.7140 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7140 Take Profit 1: 0.7065 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Manufactured goods prices rose 1.6% m/m in April. Pivot: 1.2075 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2075 Take Profit 1: 1.1980 Take Profit 2: 1.1680 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD Canada: Manufactured goods prices rose 1.6% m/m in April. Pivot: 1.2075 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2075 Take Profit 1: 1.1980 Take Profit 2: 1.1680 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The April U.S. jobs report partially justified the Fed's reluctance to adjust the parameters of the QE, as the economy created only 266,000 jobs and the unemployment rate rose to 6.1%. However, commodity markets continue to call out that price pressures have reached levels that pose a real danger to the economy. Frenzied inflation is hard to get under control. Last week's released CPI figure reflected a 0.8% jump in prices, while experts had predicted a 0.2%...
