Source: PaxForex Premium Analytics Portal, Technical Insight Major U.S. stock indices rose on Friday as investors decided to ignore data showing a jump in U.S. inflation, although recent worries about rising prices. The Nasdaq index rose 0.36% to 13,785.65 points. Nasdaq 100, H4 Pivot: 13699.00 Analysis: Provided that the index is traded above 13625.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13699.00 Take Profit 1: 13885.00 Take Profit 2: 14070.00 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight Clarida's comments are reported by Reuters: Rollback will depend on data; The unwinding of the restrictions puts upward pressure on inflation; The Fed needs to recognize that there is risk in both rising and falling inflation; Current data is consistent with subdued inflation expectations; Gives great weight to inflation expectations; Important to consider wage and productivity growth along with employment and the share of the active population; Does not...
Source: PaxForex Premium Analytics Portal, Technical Insight The S&P 500 and Dow indices rose Thursday after weekly jobless claims data boosted optimism about the U.S. economic recovery. The S&P 500 index rose 0.29% to 4,208.06 points. Dow Jones 30, H4 Pivot: 34313.00 Analysis: Provided that the index is traded above 34115.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34313.00 Take Profit 1: 34745.00 Take Profit 2: 35085.00 Alternative scenario: ...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports comments of the Bank of England's Vlieghe: It is not clear yet, whether negative rates can be lowered even more; If the economy needs more stimulus, negative rates can be used; Whether QE expansion will be needed depends on market conditions; Will not be a member of the МРС when the Bank of England decides to raise rates. GBP/USD, 30 min Pivot: 1.4188 Analysis: Provided that the currency pair is traded below 1.4215, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Wall Street's major stock indices rose in early Wednesday trading as comments from Federal Reserve officials eased concerns about accelerating inflation and a decline in government bond yields supported big tech stocks. The S&P 500 Index rose 0.25% to 4,198.7 points. S&P 500, H4 Pivot: 4190.00 Analysis: Provided that the index is traded above 4170.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4190....
