Source: PaxForex Premium Analytics Portal, Technical Insight Japanese Prime-Minister Y. Suga said that authorities are closely monitoring the situation on the currency market. That statement came out quite unexpectedly given the relatively calm yen's intraday dynamics. As a rule, such comments are made by the authorities only when the yen is strengthening sharply. As was reported in December, Suga gave orders to the Ministry of Finance not to let the pair fall below 100. USD/JPY, 30 min Pivot: 105.03 Analysis: Provided...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices declined during Asian trading on Friday. On COMEX, a division of the New York Mercantile Exchange, gold futures for April delivery are trading at $1,822.85 per troy ounce, down 0.22% at the moment of writing. GOLD/USD, 30 min Pivot: 1821.00 Analysis: Provided that the price is below 1831.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point:1821.00 Take Profit 1: 1811.00 Take Profit 2: 1808....
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD broke out of its daily trading range at the start of the U.S. session. The dollar index fell before Wall Street opened. Jobless claims data showed higher than expected. NZD/USD, 30 min Pivot: 0.7246 Analysis: Provided that the currency pair is traded below 0.7241, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7246 Take Profit 1: 0.7179 Take Profit 2: 0.7162 Alternative scenario: In...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indexes closed more than 1% higher Thursday, with the S&P 500 and Nasdaq hitting record closing highs after another string of encouraging company reports and data indicating that the U.S. labor market may be stabilizing. The Dow and S&P 500 rose for a fourth straight day, and investor hopes for further progress in reconciling stimulus to combat the effects of the pandemic also supported the market. Nasdaq 100, H4 Pivot: 13655.00 Analysis:...
Source: PaxForex Premium Analytics Portal, Technical Insight As stated by the deputy governor of the Bank of Canada T. Lane: The pandemic has forced the Bank of Canada to speed up work on creating its own digital currency; Such currency will be released only if and when the time is right; One of the determining factors will be a sharp decline in the use of cash; Similar private sector offerings in this segment have serious drawbacks; Cryptocurrencies such as bitcoin have no good reason to claim they are...
