Source: PaxForex Premium Analytics Portal, Technical Insight In yesterday's trading, the U.S. stock indices fell amid rising U.S. Treasury bond yields. The yield on ten-year US Treasuries rose to 1.49%, CNBC said. Rising government bond yields are raising concerns about stock prices and accelerating inflation. High yields could particularly affect stocks of technology companies that rely more on borrowing. The Dow Jones Industrial Average index was down 121.43 points (0.39%) at 31270.09. Dow Jones 30, H4 Pivot: 31170.00...
Source: PaxForex Premium Analytics Portal, Technical Insight As stated by the Deputy Governor of the Central Bank of New Zealand, C. Hawkesby: If necessary, the Central Bank may lower the rate and increase the volume of weekly bond purchases; The RBNZ is determined to stick to its stimulative policy; The economic recovery in New Zealand is fragile and uneven; the outlook is rather subdued; The most effective tool for the real estate market is macroprudential policy. NZD/USD, 30 min Pivot: 0.7238 Analysis: Provided...
Source: PaxForex Premium Analytics Portal, Technical Insight The week begins with active and important statistics, i.e. the release of the PMI indicator from the USA and Europe, which is a leading indicator and gives an idea about the GDP benchmark. On the surface, it looks like everything should be as before, no problem: the projected U.S. PMI numbers rebounded to 60, on expectations of 58.7, which is also good. Also Non-Farm is expected to change for the better, from 49,000 to 180,000. The unemployment rate has somewhat halted...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices ended Tuesday's trading in decline after a sharp rise the day before. In particular, shares of major technology companies fell significantly. The market was supported earlier this week by a decline in US Treasuries, as well as optimism over the approval of a coronavirus vaccine produced by Johnson & Johnson (NYSE:JNJ) and the prospect of a new aid package for the U.S. economy. The yield on 10-year U.S. government bonds fell below 1.45% this...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Q4 GDP up 9.6% q/q: Forecast +7.3%, final Q3 data +40.3% QoQ; December figure rose 0.1% m/m vs forecast of +0.1%; Annual rate down 3.0% y/y vs. -3.0% forecast, -2.8% in November; Monthly figure rose 0.8% m/m; The preliminary figure for January +0.5%. USD/CAD, 30 min Pivot: 1.2630 Analysis: Provided that the currency pair is traded below 1.2665, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1....
