Source: PaxForex Premium Analytics Portal, Technical Insight US: JOLTS job openings totaled 7.367 million in February: The forecast was 6.9 million; prev. 6.917 million; 3.357 million people quit their jobs in February compared to 3.311 million before. The layoff rate was 2.3% vs. 2.3% previously; 3.8% of departures vs. 3.7% previously; Temporary layoffs and furloughs 1.2% vs. 1.2% previously. USD/JPY, 30 min Pivot: 109.80 Analysis: Provided that the currency pair is traded below 110.00, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices declined on Monday as U.S. government bond yields rose and the dollar gained ground after U.S. labor statistics exceeded expectations, bolstering optimism that the economy is recovering fast. Gold regained ground late in the session. GOLD/USD, 30 min Pivot: 1733.00 Analysis: Provided that the price is above 1721.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1733.00 Take Profit 1: 1739.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight According to a Reuters poll of 24 economists, Australia's central bank will hold its key interest rate at a record low of 0.10% at tomorrow's monetary policy meeting. Preservation of the status quo at the end of the meeting on April 6 expects 23 respondents; 1 economist predicts a rate cut to 0.05%; Economists expect rates to be maintained at current levels through the end of 2022. The regulator itself said it does not intend to raise rates until inflation...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose in trading on Thursday, with the S&P 500 indicator crossing the 4,000-point mark for the first time. A day earlier, U.S. President Joe Biden unveiled a $2 trillion-plus infrastructure investment plan that would provide $621 billion to modernize transportation infrastructure, $400 billion to support the elderly and disabled, $300 billion to support the manufacturing sector, $213 billion to repair and build affordable housing and $100 billion to...
Source: PaxForex Premium Analytics Portal, Technical Insight The head of FRB San Francisco Daly: The Fed will ignore a temporary rise in inflation: The Fed's goals are unlikely to be met in 2021; The Fed expects a temporary rise in inflation this year, but will ignore it; Infrastructure investment spurs economic growth. NZD/USD, 30 min Pivot: 0.7025 Analysis: Provided that the currency pair is traded above 0.6967, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0...
