Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan (BoJ) may clarify its willingness to ramp up ETF purchases when markets get volatile as part of its March review of monetary policy instruments, Reuters reported Thursday, citing three sources familiar with the matter. "There was an idea at the Bank of Japan to remove some quantitative easing guidance on ETF purchases at the March review," the sources added. USD/JPY, 30 min Pivot: 105.48 Analysis: Provided that the currency pair is...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Monday's trading multidirectional due to strengthening of oil and gas, finance and commodities sectors. The market is demonstrating a negative dynamic on the side of technology, utilities and consumer goods sectors. NASDAQ Composite was down 2.03%. Nasdaq 100, H4 Pivot: 13233.00 Analysis: Provided that the index is traded below 13385.00 follow the recommendations below: Time frame: H4 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports comments from the head of the Federal Reserve Bank of Dallas, Kaplan: The risks to my U.S. GDP forecast of 5% for 2021 are upside; Even without the problems of the energy system, Texas would have a gas and oil supply and water supply crisis; The gas and oil problem will be solved in the coming days; The water supply problem in Texas could drag on for weeks; Attitudes need to change to return to pre-crisis oil production levels of 13 million barrels...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices barely changed at the close of trading Friday as investors sold technology stocks and went into cyclical securities, which are expected to be in a favorable position when the pandemic recedes. The Dow Jones Industrial Average index was unchanged at the close of trading, remaining at 31,494.32 points. Dow Jones 30, H4 Pivot: 31494.00 Analysis: Provided that the index is traded above 31200.00, follow the recommendations below: Time frame: H4...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: retail sales fell 3.4% in December: Excluding cars -4.1% vs. -2.4% forecast, prev. +2.1%; Sales declined in 9 of 11 sectors; Q4 sales up 1.2% vs. Q3; Preliminary January retail sales figure down 3.3% in January; First decline after 7 consecutive months of gains; About 15% of all retailers closed in December. It appears that the figure will fall again in January amid tightening quarantine measures. The subsequent store openings, however, should be...
