Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Thursday's trading higher on the strength of the technology, manufacturing and consumer services sectors. The NASDAQ Composite Index was up 1.03%. Nasdaq 100, H4 Pivot: 13745.00 Analysis: Provided that the index is traded above 13530.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13745.00 Take Profit 1: 13850.00 Take Profit 2: 14000.00 Alternative scenario: In case...
Source: PaxForex Premium Analytics Portal, Technical Insight As ECB head Christine Lagarde said at the 43rd IMFC meeting, the pandemic and related containment measures will continue to have a negative impact on economic activity in the eurozone in the short term. Additional talking points: In the medium to long term, activity in the euro area should increase; Risks to the eurozone's growth outlook have become more balanced; Underlying price pressures are likely to increase somewhat this year; PEEP funds will not be fully...
Source: PaxForex Premium Analytics Portal, Technical Insight At the close of trading on Wednesday, the U.S. stock indices did not show significant changes, but S&P 500 reached another record high. Investors weakly reacted to the Federal Open Market Committee (FOMC) minutes of March 16-17, which were published yesterday by the Federal Reserve System. The Dow Jones Industrial Average index was up 16.02 points (0.05%) at 33446.26 by market close. Dow Jones 30, H4 Pivot: 33400.00 Analysis: Provided that the index is...
Source: PaxForex Premium Analytics Portal, Technical Insight During the continuing speech, the president of the Chicago Fed Reserve Bank C. Evans almost verbatim repeated the well-known statement of Fed chairman J. Powell: It's too early to even begin discussing the need to discuss the rollback of QE. USD/CHF, 30 min Pivot: 0.9291 Analysis: Provided that the currency pair is traded below 0.9310, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9291 Take Profit 1: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Tuesday's trading lower amid negative dynamics from the health care, technology and oil and gas sectors. The S&P 500 index fell 0.10% S&P 500, H4 Pivot: 4080.00 Analysis: Provided that the index is traded above 4035.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4080.00 Take Profit 1: 4100.00 Take Profit 2: 4125.00 Alternative scenario: In case of breakdown of...
