Source: PaxForex Premium Analytics Portal, Technical Insight U.S. bank stocks fell markedly after the U.S. Federal Reserve announced that it will not extend the SLR ratio easing, which expires on March 31. The measure, introduced as the pandemic began, allowed banks to exclude Treasuries and deposits with the Fed from the calculation of the leverage ratio. The Standard & Poor's 500 fell 2.36 points (0.06%) to 3,913.1 points. S&P 500, H4 Pivot: 3911.00 Analysis: Provided that the index is traded above 3880.00,...
Source: PaxForex Premium Analytics Portal, Technical Insight As Head of ECB K. Lagarde said in a speech in the European Parliament: The medium-term risks to the outlook for the eurozone economy have become more balanced; Economic activity is expected to recover strongly in the 2nd half of 2021 with ongoing vaccination and a gradual easing of restrictions; In the short term, downside risks remain; Asset purchases will be flexible, in line with market conditions. EUR/USD, 30 min Pivot: 1.1895 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices moved lower on Thursday, retreating from a two-week high due to rising U.S. Treasury bond yields and a stronger dollar. GOLD/USD, 30 min Pivot: 1731.00 Analysis: Provided that the price is below 1741.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1731.00 Take Profit 1: 1719.00 Take Profit 2: 1707.00 Alternative scenario: In case of breakout of the level 1741.00, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The deputy head of the SNB Zurbrügg said in an interview with Blick: It is premature to talk about long-term rate changes; Negative rates, intervention in the foreign exchange market is still necessary; In the past year, the Central Bank has spent 100 billion SFR on interventions. USD/CHF, 30 min Pivot: 0.9278 Analysis: Provided that the currency pair is traded above 0.9260, follow the recommendations below: Time frame: 30 min Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Australia: February, employment +88.7 vs. forecast of +30k and pre. +29.1k: Employment is back to pre-pandemic levels; Unemployment rate 5.8% vs. forecast 6.3% and pre. 6,4%; Full-time employment +89.1k vs. pre. +59.0k; Part-time employment -0.5k vs. -29.8k; The labor force participation rate is 66.1% vs. the forecast 66.1% and pre. 66,2%; Hidden unemployment rose to 8.4% - a fly in the ointment report. AUD/USD, 30 min Pivot: 0.7832 Analysis: Provided that...
