Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Wednesday's trading lower amid negative dynamics from the technology, commodities and consumer services sectors. The NASDAQ Composite index fell 2.67%. Nasdaq 100, H4 Pivot: 12980.00 Analysis: Provided that the index is traded below 13235.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 12980.00 Take Profit 1: 12900.00 Take Profit 2: 12675.00 Alternative scenario: In...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, the deputy head of the Federal Reserve Bank R. Clarida said during a speech: It's not yet time to wind down the support the Fed has provided to the economy; We'll be watching wage, compensation, and productivity trends; We have not yet made significant progress on our labor market goals; The latest jobs report reaffirmed the Fed's data-driven approach; We will evaluate the data coming in this year and give the markets advance...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Tuesday's trading lower on the back of negative dynamics from the oil and gas, finance and utilities sectors. The Dow Jones was down 1.36% at the close on the New York Stock Exchange. Dow Jones 30, H4 Pivot: 34270.00 Analysis: Provided that the index is traded below 34575.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 34270.00 Take Profit 1: 33845.00 Take Profit 2: 33750...
Source: PaxForex Premium Analytics Portal, Technical Insight Federal Reserve Bank, Brainard: The pace of recovery in labor market supply and demand is different: It causes friction; We will push for as close to full employment as possible; We will push inflation closer to 2%; Expect progress on employment and inflation; The Fed is aiming for maximum employment; We know that many people are afraid to go back to work because of the virus; Less than 1 in 4 people of working age had received the vaccine by the time the April...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Monday's trading with a decline amid negative dynamics from the technology, consumer services and consumer goods sectors. The Dow Jones was down 0.10 percent at closing time on the New York Stock Exchange. S&P 500, H4 Pivot: 4188.00 Analysis: Provided that the index is traded below 4220.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4188.00 Take Profit 1: 4152.00 Take...
