Source: PaxForex Premium Analytics Portal, Technical Insight As stated by the President of the Federal Reserve Bank of Cleveland L. Meister: Satisfied with the current course of monetary policy, considers it appropriate to the situation; The economy will pick up in the second half of the year if most people are immunized by Q3; Does not fear that if inflation picks up, the Fed may be too late to start tightening policy; Strong structural pressures keep inflation low; Additional financial support will...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for January 2021. January was a good month for the stock and currency markets, but volatility decreased markedly because of the last month of 2020, as traders during this period fix their long-term positions and wait for new fundamental data from governments and companies with plans for the new year 2021. Now we provide a detailed report on income in financial markets: So...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose on Tuesday for the second trading session in a row on news about progress in the U.S. vaccination campaign. The Standard & Poor's 500 rose 52.45 points (1.39%) to 3,826.31 points. S&P 500, H4 Pivot: 3838.00 Analysis: Provided that the index is traded above 3791.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3838.00 Take Profit 1: 3865.00 Take Profit 2: 3910.00 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight Kaplan: Vaccination is important for economic recovery: There are no systemic risks in the financial markets at this point; It is important to give money to open schools, distribute vaccines and medical care for children in order to rebuild the economy. NZD/USD, 30 min Pivot: 0.7217 Analysis: Provided that the currency pair is traded above 0.7187, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices fell during Asian trading on Tuesday. At COMEX, a division of the New York Mercantile Exchange, gold futures with delivery in April are trading at $1,858.70 per troy ounce, down 0.28% at the time of writing. The session minimum was a mark of $/troy ounce. Gold had found support at $1.835.60 and resistance at $1.878.90. GOLD/USD, 30 min Pivot: 1856.00 Analysis: Provided that the price is above 1850.00, follow these recommendations: Time...
