Source: PaxForex Premium Analytics Portal, Technical Insight Last weekend the head of the Swiss Central Bank said in an interview for the national publication Neue Zuercher Zeitung: The large size of the balance sheet is not a problem in itself; It could even be increased further if necessary; The Swiss franc remains highly overvalued; Inflation is only slightly above zero; Production capacity in Switzerland is not fully utilized; It would be "completely premature" to make adjustments to the current easing policy...
Source: PaxForex Premium Analytics Portal, Technical Insight The gold price held near a high of more than four months on Tuesday thanks to a weaker dollar, but Federal Reserve assurances easing market fears about inflation kept gains in check. GOLD/USD, 30 min Pivot: 1906.00 Analysis: Provided that the price is above 1889.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1906.00 Take Profit 1: 1915.00 Take Profit 2: 1930.00 Alternative scenario: In case of breakdown of...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan (BOJ) Governor Haruhiko Kuroda said that each recession has different characteristics, and noted that the difference in the severity of the recession between sectors, types of businesses, and professions this time was significant, writes Reuters. USD/JPY, 30 min Pivot: 108.79 Analysis: Provided that the currency pair is traded below 108.85, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point:108....
Source: PaxForex Premium Analytics Portal, Technical Insight The major Wall Street indices rose on Monday, with the Nasdaq index up about 1%. Risk appetite also improved as cryptocurrencies took a back seat after Sunday's sell-off. The Dow Jones Industrial Average index rose 165.59 points or 0.48%. Nasdaq 100, H4 Pivot: 13662.00 Analysis: Provided that the index is traded above 13405.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13662.00 Take Profit 1: 13830.00...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, analysts at HSBC believe that the Central Bank of Australia will lag behind other leading global banks in tightening monetary policy. HSBC admits that: Australia is among the countries most effectively coping with the pandemic; The economy is recovering with strong growth momentum; Unemployment is close to pre-covid levels; Consumer spending and home prices are booming; Consumer and business confidence indicators are upbeat. AUD/USD,...
