Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed on Thursday with a sharp decline of the main indices amid rising U.S. government bond yields, which triggered the sell-offs on the stock market because of concerns about the potential tightening of borrowing terms. The Dow Jones Industrial Average fell 559.85 points (1.75 percent) to 3,402.01 points. Dow Jones 30, H4 Pivot: 31230.00 Analysis: Provided that the index is traded above 30930.00, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight As the head of Swiss Central Bank T. Jordan said: Last year we had to intervene aggressively in the foreign exchange market to reduce the strong pressure on the franc exchange rate; It is important to absorb this pressure to prevent the franc from strengthening too much; The franc is a defensive asset and an indicator of the level of global uncertainty; Last year, the Swiss economy showed better-than-expected resilience; At the end of 2020, the country's GDP...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market was up in trading Wednesday, with the Dow Jones Industrial Average hitting a record high after Federal Reserve Chairman Jerome Powell signaled that the regulator was not going to change the course of monetary policy. The Standard & Poor's 500 rose 44.06 points (1.14%) to 3,925.43 points. S&P 500, H4 Pivot: 3925.00 Analysis: Provided that the index is traded above 3895.00, follow the recommendations below: Time frame: H4...
Source: PaxForex Premium Analytics Portal, Technical Insight The Australian exports fell 9% mom in January: Australia: January, pre export of goods -$3.047 million (-9% m/m) to $32.126 million; Goods Import -$2.626 million (-10% m/m) to $23.372 million; Trade surplus $8.754 mln; Export +13% YoY, import -7% YoY. AUD/USD, 30 min Pivot: 0.7955 Analysis: Provided that the currency pair is traded above 0.7940, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7955 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices climbed during the Asian trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for April delivery are trading at $1,807.25 per troy ounce, up 0.07% at the time of writing this commentary. GOLD/USD, 30 min Pivot: 1809.00 Analysis: Provided that the price is below 1816.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1809.00 Take Profit 1: 1795.00 Take...
