Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices hit a three-and-a-half-month high due to falling U.S. Treasury yields and lingering inflation concerns. GOLD/USD, 30 min Pivot: 1876.00 Analysis: Provided that the price is above 1861.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1876.00 Take Profit 1: 1890.00 Take Profit 2: 1900.00 Alternative scenario: In case of breakdown of the level 1861.00, follow the recommendations below: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, St. Louis Fed President James Bullard said: The U.S. may be approaching the end point of the pandemic, so then the focus can shift further to the subsequent monetary policy of the 'post-pandemic' era; There is a 50% chance that the U.S. will enter the high productivity regime last seen in the mid-1990s; The issue of MBS buying during the housing boom is a good topic once the Fed rolls out a broader discussion of rolling back QE...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices showed weak and mixed movements in trading on Tuesday. The Nasdaq Composite added 18.61 points (0.14%) to 13397.66 points. Nasdaq 100, H4 Pivot: 13144.00 Analysis: Provided that the index is traded below 13200.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13144.00 Take Profit 1: 13095.00 Take Profit 2: 12965.00 Alternative scenario: In case of breakout of the level 13200.00,...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Bailey: we are not yet close to talking about using negative rates: It's useful to have a tool like negative rates on hand; QE works best when markets are relaxed. GBP/USD, 30 min Pivot: 1.4183 Analysis: Provided that the currency pair is traded below 1.4200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.4183 Take Profit 1: 1.4175 Take Profit 2: 1.4160 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight The major Wall Street indices are declining on Monday after a sharp rebound at the end of last week. Signs of rising inflationary pressures in the economy caused investors to worry about the Federal Reserve Bank tightening monetary policy. The Dow Jones index fell 0.50% to 34,209.76 points. Dow Jones 30, H4 Pivot: 34200.00 Analysis: Provided that the index is traded above 34160.00, follow the recommendations below: Time frame: H4 Recommendation:...
