Source: PaxForex Premium Analytics Portal, Technical Insight On Friday, gold prices rose to the highest level since February after the publication of the U.S. labor market data, which did not meet expectations. At the same time, the weekly increase in prices of the precious metal may be the highest since November - about 4%. GOLD/USD, 30 min Pivot: 1832.00 Analysis: Provided that the price is above 1822.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1832.00 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Dow Jones and S&P 500 indices rose on Friday, continuing their recovery from the previous session, while strong business activity data improved sentiment at the end of a volatile trading week. Markit's preliminary Purchasing Managers' Index (PMI) for the U.S. manufacturing sector rose to 61.5 points in May from 60.5 points in April. The Dow Jones index rose 0.64% to 34,302.96 points. Dow Jones 30, H4 Pivot: 34306.00 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight According to the Standard and Poor's rating agency, the federal budget of New Zealand presented today confirmed the expectations of S&P and became the confirmation that the economy of this country is recovering faster than most other developed economies. NZD/USD, 30 min Pivot: 0.7164 Analysis: Provided that the currency pair is traded above 0.7135, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7164...
Source: PaxForex Premium Analytics Portal, Technical Insight Wall Street's main indices rebounded on Thursday after a three-day decline, driven by advances in technology stocks, as the smallest weekly jobless claims since the start of the pandemic recession boosted appetite for risk. The Dow Jones index rose 0.51% to 34,067.55 points. S&P 500, H4 Pivot: 4165.00 Analysis: Provided that the index is traded above 4127.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight Kaplan: monetary policy needs to be adapted given the financial situation: Expects the RCE to be overvalued, at least in 2021; Uncertainty will remain; Need to start discussing winding down on the back of progress in the economy and recovery from the pandemic. USD/CAD, 30 min Pivot: 1.2074 Analysis: Provided that the currency pair is traded above 1.2050, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1....
