Source: PaxForex Premium Analytics Portal, Technical Insight As the head of Swiss Central Bank T. Jordan said: Last year we had to intervene aggressively in the foreign exchange market to reduce the strong pressure on the franc exchange rate; It is important to absorb this pressure to prevent the franc from strengthening too much; The franc is a safe-haven asset and an indicator of the level of global uncertainty; Last year, the Swiss economy showed better-than-expected resilience; At the end of 2020, the...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Thursday trading more than 1 percent higher, with the S&P 500 and Nasdaq both hitting record highs after another string of encouraging company reports and data suggesting 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: 13560.00...
Source: PaxForex Premium Analytics Portal, Technical Insight A new round of trade disputes between Australia and China was reported by the Financial Times (FT): "Australian farmers warned that the country's trade dispute with China and supply disruptions related to the coronavirus pandemic would cost the industry $28 billion over the next decade. Meanwhile, the news also says the National Farmers Federation of Australia is calling for a $2.66 billion investment to support a trading strategy aimed at diversifying national...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. jobs in December, statistics that were published in January, declined by 140,000 jobs. Private companies reduced the number of employees in December by 95,000, while state-owned companies reduced the number of employees by 45,000. Average hourly wages in the U.S. rose 23 cents (0.8%) last month from the previous month to $29.81. It was up 5.1 percent from December 2019. The average workweek decreased to 34.7 hours in December from 34.8 hours in November. The...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Wednesday's trading without a single dynamic, with the Dow Jones and S&P 500 showing gains for the third straight session. The main focus of market participants in recent days is on better-than-expected earnings reports, progress on coronavirus vaccination, and the prospects for new stimulus measures in the United States. Dow Jones 30, H4 Pivot: 30771.00 Analysis: Provided that the index is traded above 30300.00, follow the...
