Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Thursday's trading higher on the strength of the oil and gas, technology and financial sectors. The Dow Jones rose 0.52%. Dow Jones 30, H4 Pivot: 33109.00 Analysis: Provided that the index is traded above 32800.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 33109.00 Take Profit 1: 33415.00 Take Profit 2: 33720.00 Alternative scenario: In case of breakdown of the...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Markit PMI rose to 58.5 in March: The PMI rose the most in the 10-year history of observations; Previous PMI 54.8; The outstanding orders component reached the second highest in the history of observation; The entry price component rose to its highest since August 2018; Exit prices component reached second highest in the history of observation; The new orders component reached the third highest value in the history of observation. USD/CAD, 30 min...
Source: PaxForex Premium Analytics Portal, Technical Insight Investors still do not know what to do with U.S. government bonds, whose yields are hovering near 1.7%. The index dipped below that mark on Friday, but on Monday it was able to break out again. Last week, Federal Reserve officials conducted an "informational blitz," reassuring investors that inflation was not a threat and that the regulator itself would continue to stimulate markets for the foreseeable future. But demand for seven-year bonds was weak last...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for March 2021. March was a great month for trading and investing in the foreign exchange and stock markets. Steady trends and predictable corrections are paying off and suggesting that newly elected key figures in geopolitics are bringing some stability to the markets. Now we provide a detailed report on income in financial markets: So, on the currency trading we made a...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices were mixed at the close of trading on Wednesday, but technology stocks were up significantly and the Standard & Poor's 500 Index was near a record high. All three major indices were up for the month and the quarter, with the Dow Jones and S&P 500 having their best month since November. S&P 500, H4 Pivot: 3984.00 Analysis: Provided that the index is traded above 3945.00, follow the recommendations below: Time frame: H4...
