Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose on Friday, led by the technology and financial sectors. The S&P 500 and Dow indices ended the week higher on the rebalancing of investment portfolios at the end of the quarter as investors move into assets that are expected to benefit amid renewed economic activity. The Dow Jones index rose 0.42% to 32,755.67 points. Dow Jones 30, H4 Pivot: 32960.00 Analysis: Provided that the index is traded above 32330.00 , follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S.: Consumer sentiment has improved sharply: US, University of Michigan: March, final Consumer Sentiment Index 84.9 vs. prelim 83.0 / forecast 83.6 / and pre. 76.8, the best result since March 2020, but it's still far from pre-survey levels; Assessment of current economic conditions 93.0 vs. prelim 91.5 / forecast / and pre. 86.2, the highest since March 2020; 6-month consumer expectations of 79.7 vs. prelim/projection 77.5 and forecast 70.7 - also at highs...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Thursday's trading higher after an initial decline. The Standard & Poor's 500 rose 20.38 points (0.52%) to 3909.52 points. Stocks of companies that depend on the easing of restrictions related to the coronavirus pandemic, including airline carriers and cruise operators, showed strong gains. S&P 500, H4 Pivot: 3909.00 Analysis: Provided that the index is traded above 3853.00, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports comments from RBA deputy governor Debelle, who said that the central bank will not raise rates until inflation has settled in the 2-3% range. "So far, that's not expected to happen until 2024," Debelle added. - If we didn't provide stimulus, we would get a much stronger currency appreciation." AUD/USD, 30 min Pivot: 0.7612 Analysis: Provided that the currency pair is traded above 0.7580, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices rose on Wednesday as a decline in U.S. Treasury bond yields and worries about lockdowns in the eurozone boosted demand for the safe-haven asset, although a stronger dollar limited the upside potential for the precious metal. GOLD/USD, 30 min Pivot: 1734.00 Analysis: Provided that the price is below 1739.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1734.00 Take Profit 1: 1727.00 Take Profit 2:...
