Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Tuesday's trading with a mixed trend after rising to record highs a day earlier. According to investors, markets paused active growth in both stocks and commodity prices. The Dow Jones Industrial Average index was down 9.93 points (0.03%) at 31375.83 by the close of trading. Dow Jones 30, H4 Pivot: 31325.00 Analysis: Provided that the index is traded above 31100.00, follow the recommendations below: Time frame: H4 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of the Federal Reserve Bank of Dallas Kaplan: GDP growth should accelerate nicely in 2021: Growth should be above trend in 2022; The Fed's measures will undoubtedly have an impact on financial markets; There are no systemic risks in the financial markets. GBP/USD, 30 min Pivot: 1.3825 Analysis: Provided that the currency pair is traded above 1.3790, follow the recommendations below: Time frame: 30 min Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Monday's trading at record highs thanks to the growth in energy sector stocks and investors' hopes for a new package of measures to support the U.S. economy. The Standard & Poor's 500 rose 28.76 points (0.74%) to a record 3,915.59 points. S&P 500, H4 Pivot: 3908.00 Analysis: Provided that the index is traded above 3870.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB head Lagarde: the rise in Covid 19 infections is a significant bearish risk for the eurozone: An accommodative monetary policy is still needed; If all goes according to plan, the EU economy could grow as early as this year; It is essential to maintain a favorable environment in the financial sector; A more sustained economic recovery is a prerequisite for inflation to return to pre-pandemic levels; While inflation...
Source: PaxForex Premium Analytics Portal, Technical Insight China's foreign currency reserves, the world's largest, declined by $5.9 billion to $3.211 trillion in January, according to data released by the People's Bank of China (PBOC). China's gold reserves in value terms shrank to $116.76 billion from $118.25 billion in December, the NBK said. Meanwhile, reserves remained at 62.64 million ounces for the 16th consecutive month. GOLD/USD, 30 min Pivot: 1810.00 Analysis: Provided that the price is above...
