Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices declined on Thursday after the release of data on the number of new jobless claims in the U.S. last week and on home construction in January. The Standard & Poor's 500 fell 17.36 points (0.44%) to 3,913.97 points. S&P 500, H4 Pivot: 3919.00 Analysis: Provided that the index is traded below 3931.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3919.00 Take Profit 1: 3885.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound continues to be one of the best performing currencies this year, which helped the pair rise back to 1.4000 for the first time in almost three years. However, recent British press reports suggest that the U.K. government has decided to approach easing with caution, which could slow the economic recovery at least in the second quarter, dampening optimism about the pound. GBP/USD, 30 min Pivot: 1.3954 Analysis: Provided that the currency pair is traded below...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for the first half of February 2021. These two weeks turned out to be quite stable and profitable because at the beginning of the new year we see new stable trends forming and we manage to find them competently and use them for profit. Now we provide a detailed report on income in financial markets: So, on the currency trading we made a profit of 563 points, which is 11,26% of...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices slumped to a more than two-month low on Wednesday as rising U.S. government bond yields and a stronger dollar continued to weigh on the metal's appeal. GOLD/USD, 30 min Pivot: 1783.00 Analysis: Provided that the price is below 1787.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1783.00 Take Profit 1: 1769.00 Take Profit 2: 1760.00 Alternative scenario: In case of breakout of the level...
Source: PaxForex Premium Analytics Portal, Technical Insight Germany's consumer prices could exceed the ECB's target by the end of this year thanks to tax hikes, ECB Governing Council member and Bundesbank President Jens Weidmann said Friday. "The reduced VAT, which expired at the end of last year, and the greenhouse gas tax, which went into effect on January 1. From today's perspective, the agreed consumer price index (EU) in Germany should rise above 3% before the end of the year. EUR/USD, 30 min Pivot: 1....
