Source: PaxForex Premium Analytics Portal, Technical Insight President and CEO of the Federal Reserve Bank of Atlanta, Bostic: hopefully US employment will grow decently in the coming months. Leisure and recreation companies are starting to note that the number of bookings has reached or exceeded 2019 levels. GBP/USD, 30 min Pivot: 1.3787 Analysis: Provided that the currency pair is traded above 1.3755, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3787 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices declined during Asian trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,679.15 per troy ounce, down 0.41% at the time of writing. GOLD/USD, 30 min Pivot: 1679.00 Analysis: Provided that the price is below 1690.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1679.00 Take Profit 1: 1676.00 Take Profit 2: 1666.00...
Source: PaxForex Premium Analytics Portal, Technical Insight As stated by a member of the Governing Council of the ECB V. Vasiliauskas: The QE program may be maintained for some time even after the coronavirus crisis is over; There is no need to review the current volume of asset purchases under the PEPP program; Insufficient stimulus carries greater risks than excessive stimulus; Doesn't think the ECB can afford an abrupt change of policy course. EUR/USD, 30 min Pivot: 1.1707 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Monday's trading multidirectional due to the strengthening of the utilities, telecommunications and health care sectors. The market demonstrates some uncertainty on the background of the negative dynamics from the oil and gas, financial and industrial sectors. The Dow Jones was up 0.30 percent at the close on the New York Stock Exchange, hitting an all-time high. Nasdaq 100, H4 Pivot: 12979.00 Analysis: Provided that the index...
Source: PaxForex Premium Analytics Portal, Technical Insight At the end of the meeting on monetary policy the Swiss central bank took a widely expected decision to maintain the status quo: Key interest rate was left at -0.75%; The franc remains heavily overvalued; The SNB will remain active in the foreign exchange market if necessary; The pandemic continues to have a severe adverse effect on the economy; Inflation forecast for 2021 0.2% (pre. 0.0%); For 2022 0.4% (pre. 0.2%); For 2023 0.5%; GDP forecast for 2021 2.5% - 3...
