Source: PaxForex Premium Analytics Portal, Technical Insight During the trading on Tuesday the American stock indices did not show any single dynamic: the Dow Jones rose to a record high, while the S&P 500 and the Nasdaq declined. The Nasdaq Composite lost 47.97 points (0.34%) to 14047.5 points. Nasdaq 100, H4 Pivot: 13774.00 Analysis: Provided that the index is traded below 13875.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 13774.00 Take Profit 1: 13725.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bullard, president, and CEO of the Federal Reserve Bank of St. Louis: The inflation situation is quite positive: Inflation will rise this year; The Fed will take into account the inflation situation; There is no bubble inflating in the stock markets, it's just the normal process of investing; There is high activity in the markets, at times there is high speculative activity; Overall financial conditions are positive; At the moment there...
Source: PaxForex Premium Analytics Portal, Technical Insight The dollar dropped to a three-week low on Tuesday, sterling hit a near three-year high, and commodity currencies rose as progress on vaccinations and investors' hopes for a global economic recovery. The dollar index to a basket of major currencies was down 0.2% to 90.299. The euro rose 0.08% to $1.2137. Investors are weighing whether the U.S. will be the sole leader of the recovery, which will support the dollar, or whether it will be broader - and that will be...
Source: PaxForex Premium Analytics Portal, Technical Insight The authorities of the Australian state of Victoria announced the introduction of strict quarantine from February 13 to 18 due to an outbreak of coronavirus in the administrative center of the region - Melbourne. This was announced by the head of the state government Daniel Andrews on Friday. AUD/USD, 30 min Pivot: 0.7801 Analysis: Provided that the currency pair is traded above 0.7780, follow the recommendations below: Time frame: 30 min Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices reached record highs on Friday amid investors' hopes for new measures to support the U.S. economy. The Standard & Poor's 500 rose 18.45 points (0.47%) to 3,934.83 points. S&P 500, H4 Pivot: 3951.00 Analysis: Provided that the index is traded above 3880.50, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3951.00 Take Profit 1: 4000.00 Take Profit 2: 4100.00 Alternative scenario:...
