Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for February 2021. February was an excellent month for the currency market. The stock market was not left out either, but volatility in this sector has decreased and major indices have declined, as the tech sector remains under pressure amid rising yields of U.S. government bonds. Yields on indicative 10-year U.S. government bonds reached an annual peak of 1.45%, triggering profit-taking in...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices declined during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in April are trading at $1,711.75 per troy ounce. GOLD/USD, 30 min Pivot: 1712.00 Analysis: Provided that the price is below 1728.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1712.00 Take Profit 1: 1704.00 Take Profit 2: 1691.00 Alternative scenario: In...
Source: PaxForex Premium Analytics Portal, Technical Insight British Prime Minister Johnson: we are moving in the right direction by loosening restrictions: We have no reason to believe that the coronavirus vaccine is not effective against new strains; We don't think the new strains are a threat to society; We are confident that testing will help keep the disease rate low, despite the opening of schools next week. GBP/USD, 30 min Pivot: 1.3887 Analysis: Provided that the currency pair is traded below 1.3940, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight The Dow Jones and S&P 500 American stock indices dropped in Friday trading, while the Nasdaq gained, but showed its biggest weekly decline since the week ended October 30. The Dow Jones was down 1.8% last week. However, the indicators were up last month. The Dow Jones rose 3.2% in February. The unexpected acceleration in the sell-off in U.S. Treasuries on Thursday caused their yields to spike, sending the stock market and especially tech stocks lower. Nasdaq 100, H4...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, the representative of Greece in the ECB Y. Stournaras said: The ECB should accelerate the pace of asset purchases as part of the PEPP anti-crisis program to combat the effects of the pandemic; At a meeting on March 11, the Governing Council of the Central Bank should declare the need to combat unjustified tightening of financial conditions; At this point, there has been an unjustified tightening of bond yields. Thus, his remarks can be...
