Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, the president of the Dallas Federal Reserve Bank, R. Kaplan, said that he was concerned about excessive risk-taking by participants in the non-banking financial system. He added that these processes need more transparency. Kaplan also noted: If the global economy grows more slowly, the U.S. economy will also grow more slowly than it could; Vaccination is a major driver of economic development around the world. NZD/USD, 30 min Pivot: 0.7179...
Source: PaxForex Premium Analytics Portal, Technical Insight Biden sounded optimistic in his first address to Congress: "America is ready to take off, and the crisis is turning into an opportunity..." The rising stock indices echoed this, and the return of risk appetite is once again provoking the dollar's recovery against the Japanese yen. The president called for a fundamental change in the way the government works to increase competitiveness in the foreign market. Emphasis was placed on access to education and...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for April 2021. April was a good month for trading and investing in the foreign exchange and stock markets. The slow but steady recovery of the leading economies is positive for their own currencies. As for the stock market, it also remains resilient, amid a period of corporate earnings reports. Now we provide a detailed report on income in financial markets: So, on the...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Friday's trading lower on the back of the negative dynamics from the oil and gas, technology and raw materials sectors. The NASDAQ Composite Index was down 0.85% at the close of trading on the New York Stock Exchange. Nasdaq 100, H4 Pivot: 13876.00 Analysis: Provided that the index is traded above 13750.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13876.00 Take Profit 1: 14050...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: GDP has been growing for 10 months in a row: Canada: February, GDP 0.4% m/m vs forecast of 0.5% and previous +0.7%; GDP y/y -2.2% vs. forecast -2.3% and previous -2.3%; Growth was registered in 14 out of 20 sectors of the economy; The index rose for the 10th consecutive month, offsetting the sharp slump in economic activity in March and April 2020; However, economic activity still falls short of the 2% pre-February 2020 levels; Services sector +0.6%;...
