Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices climbed in U.S. trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,764.65 per troy ounce. GOLD/USD, 30 min Pivot: 1764.90 Analysis: Provided that the price is above 1755.50, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1764.90 Take Profit 1: 1777.50 Take Profit 2: 1784.00 Alternative scenario: In case of breakdown of the...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of Bank of Japan Kuroda: risks to the economy and inflation remain downward: Japan's economy is in a tough situation, but is recovering; The Japanese economy will continue to stabilize; Prices will rise as the economy recovers; We will continue to pursue a soft policy in order to get inflation to the 2% target. USD/JPY, 30 min Pivot: 108.87 Analysis: Provided that the currency pair is traded above 108.60, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Cryptocurrency exchange Coinbase shares were listed directly on Nasdaq on April 14. The opening price was $384. On the day of listing, bitcoin surpassed $64,000 and the total market capitalization was $2.3 trillion. The day before, Nasdaq set Coinbase's reference price at $250, which suggested a capitalization of $66 billion. On FTX, traders valued COIN at more than $620. Nasdaq 100, H4 Pivot: 13796.00 Analysis: Provided that the index is traded below 14000.00...
Source: PaxForex Premium Analytics Portal, Technical Insight As the head of the US Federal Reserve Bank J. Powell said, continuing to speak at a virtual conference organized by the Economic Club of Washington: We are aiming for inflation that is moderately above the 2% mark; After staying below the 2% mark for a long time, inflation should moderately exceed our inflation target for some time; We will come to a point where it is time to start winding down when we have made significant progress toward our goals; The downward...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Tuesday's trading multidirectional due to strengthening of utilities, technology and consumer goods sectors. The market showed uncertainty on the back of negative dynamics in the financial, telecommunication and industrial sectors. The Dow Jones is down 0.20%. Dow Jones 30, H4 Pivot: 33690.00 Analysis: Provided that the index is traded above 33550.00, follow the recommendations below: Time frame: H4 Recommendation: long...
