Source: PaxForex Premium Analytics Portal, Technical Insight "The U.S. dollar's role as the world's reserve currency is not threatened by anything," Fed Deputy Chairman Richard Clarida said, according to Reuters: Balancing supply and demand in the labor market may take some time; The Central Bank's digital currency is in its advantages and disadvantages stage; Updating existing payment systems will provide the benefits of CB digital currency. USD/CHF, 30 min Pivot: 0.9018 Analysis: Provided that...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Friday's trading with growth due to the strengthening of the oil and gas, technology and consumer services sectors. The S&P 500 Index was up 1.49% at the close of trading on the New York Stock Exchange. S&P 500, H4 Pivot: 4165.00 Analysis: Provided that the index is traded above 4155.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4165.00 Take Profit 1: 4215.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan Governor H. Kuroda, during an ongoing speech in Parliament, said: The central bank is taking extraordinary policy easing measures that no other central bank applies; In particular, we are talking about buying risky assets such as ETFs; It is a necessary measure that should help accelerate inflation to the 2% mark; The Central Bank takes into account that an excessive decline in yields at the far end of the curve could harm the economy; The Central...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices rose in U.S. trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,826.95 per troy ounce. GOLD/USD, 30 min Pivot: 1823.00 Analysis: Provided that the price is above 1816.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1823.00 Take Profit 1: 1829.00 Take Profit 2: 1835.00 Alternative scenario: In case of breakdown of the...
Source: PaxForex Premium Analytics Portal, Technical Insight Barkin: strong demand will continue in 2021 and 2022: People have enough money to be selective about jobs; Strong demand will continue in 2021 and 2022, supported by business spending; Whether people will continue to work remotely after restrictions are lifted depends on competition and markets. AUD/USD, 30 min Pivot: 0.7722 Analysis: Provided that the currency pair is traded below 0.7745, follow the recommendations below: Time frame: 30 min...
