Source: PaxForex Premium Analytics Portal, Technical Insight According to ECB Chief Economist P. Lane: The eurozone economy will be able to recover to its pre-pandemic levels by the spring of 2022; The road to recovery will be long; However, the economy will show rapid growth; Fiscal and monetary policy measures are still needed to support the recovery. EUR/USD, 30 min Pivot: 1.2147 Analysis: Provided that the currency pair is traded above 1.2125, follow the recommendations below: Time frame: 30 min Recommendation...
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 Deputy Governor of the Bank of England Broadbent: the central bank's easing bias has weakened: We need clear signs of a sustained recovery in inflation towards the target level before we start to tighten policy; The downside risks have become less pronounced. GBP/USD, 30 min Pivot: 1.4019 Analysis: Provided that the currency pair is traded above 1.3990, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Thursday's trading higher on the strength of the telecommunications, financials and commodities sectors. The Dow Jones was up 0.93% at the close on the New York Stock Exchange, hitting an all-time high. Nasdaq 100, H4 Pivot: 13517.00 Analysis: Provided that the index is traded below 13700.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13517.00 Take Profit 1: 13395.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The head of the Dallas Federal Reserve Bank, Kaplan: we'll start talking about a rollback sooner rather than later: The unemployment rate will fall this year; U.S. GDP will grow 6.5% this year, upside risks prevail; Some factors contribute to inflation in the short term, but their impact will fade within 12 months; PCE will grow 2.25% this year, we will monitor the situation; Since December we have seen the results of vaccinations and a new aid program has...
