Source: PaxForex Premium Analytics Portal, Technical Insight Britain: The unemployment situation is better than expected: Britain: March, claims for unemployment benefits 10.1 thousand vs. pre. 67.3 thousand (revised from 86.6 thousand); Unemployment rate 7.3% vs. pre. 7.3% (revised from 7.5%); February, ILO unemployment rate 4.9% vs. 5.0% forecast and pre. 5.0%; Employment rate -73 ths. vs. the forecast of -145 ths. and pre. 147 ths. February, Average Weekly Earnings including bonuses +4.5% 3m/y vs. pre. +4.8%;...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Monday's trading with a decline amid negative dynamics from the consumer goods, technology and consumer services sectors. The Dow Jones was down 0.36% at the close of trading on the New York Stock Exchange. Dow Jones 30, H4 Pivot: 34040.00 Analysis: Provided that the index is traded below 34260.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 34040.00 Take Profit 1: 33890...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, President and CEO Federal Reserve Bank of Dallas R. Kaplan said that the economy will need to be "weaned" off the Fed's super-softening policy at the earliest opportunity. He also noted the difficulty of striking the right balance between too hasty and too late a decision when choosing a further monetary policy. EUR/USD, 30 min Pivot: 1.2067 Analysis: Provided that the currency pair is traded above 1.2035, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The S&P 500 and Dow indices hit record highs on Friday after the release of good quarterly results from the largest U.S. banks, and Wall Street ended the week on the upside amid optimism about the strong economic recovery. The S&P 500 index rose 0.12% to 4,175.66 points. S&P 500, H4 Pivot: 4175.00 Analysis: Provided that the index is traded above 4120.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Swiss central bank reacted to another semiannual report published by the US Treasury, in which the new US administration removed Switzerland from the list of countries, which are currency manipulators. The SNB statement noted, among other things: Foreign exchange interventions are not intended to affect a country's balance of payments or to gain an unfair competitive advantage; Foreign exchange interventions are necessary to ensure price stability and proper...
