Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Thursday's trading higher on the strength of the telecommunications, finance and oil and gas sectors. The Dow Jones was up 0.71% at the close of trading on the New York Stock Exchange. Dow Jones 30, H4 Pivot: 34050.00 Analysis: Provided that the index is traded above 33900.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 34050.00 Take Profit 1: 34160.00 Take Profit 2: 34260...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports that the Bank of England's Chief Economist Haldane will step down after the June MPC meeting. Haldane will take over as head of the Royal Society of Arts. GBP/USD, 30 min Pivot: 1.3944 Analysis: Provided that the currency pair is traded below 1.3960, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3944 Take Profit 1: 1.3930 Take Profit 2: 1.3910 Alternative scenario: In case of...
Source: PaxForex Premium Analytics Portal, Technical Insight Alphabet (NASDAQ: GOOGL) shares rallied after strong reporting pushed the S&P 500 Index to a record high and supported the Nasdaq Index. Shares of Google Alphabet Inc rose 5.4% after reporting record second consecutive quarter earnings and announcing a $50 billion share buyback. S&P 500, H4 Pivot: 4186.00 Analysis: Provided that the index is traded above 4167.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, ECB head C. Lagarde said today that it is too early to say that the worst economic effects of the coronavirus crisis are behind us: Downside risks remain; There is light at the end of the tunnel, as vaccination is gaining momentum; By the end of June, 70% of the eurozone population should have completed the first round of vaccinations; We may see a robust economic recovery in the 2nd half of the year. EUR/USD, 30 min Pivot: 1.2135...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices declined during the Asian trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,771.25 per troy ounce, down 0.42% at the time of writing. GOLD/USD, 30 min Pivot: 1771.00 Analysis: Provided that the price is below 1780.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1771.00 Take Profit 1: 1766.00 Take Profit 2: 1760.00...
