Source: PaxForex Premium Analytics Portal, Technical Insight Gold futures prices declined during Asian trading on Thursday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in February are trading at $1,835.40 per troy ounce, down 0.51% at the time of writing. GOLD/USD, 30 min Pivot: 1835.00 Analysis: Provided that the price is below 1849.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1835.00 Take Profit 1: 1831.00 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight Commenting on the Fed verdict, Lloyds analysts write: The monetary policy statement contained no surprises; The Fed continues to reiterate its willingness to offer additional support to the economy if needed, but is showing increasing confidence that such additional measures may not be necessary; Nevertheless, any policy tightening is a long way off; markets do not expect a rate hike before 2024; The start of mass vaccination has increased the Fed...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed lower on Tuesday as traders assessed the new batch of corporate reports and waited for the results of major technology companies. The Nasdaq Composite lost 9.93 points (0.07%) to 13626.06 points. Nasdaq 100, H4 Pivot: 13483.00 Analysis: Provided that the index is traded above 13275.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 13483.00 Take Profit 1: 13740.00 Take Profit 2:...
Source: PaxForex Premium Analytics Portal, Technical Insight Health regulators in Australia issued a permit on Monday to use the COVID-19 coronavirus vaccine developed by Pfizer/BioNTech in the country. The use of the vaccine is approved for persons 16 years of age and older. The vaccination is expected to start towards the end of February AUD/USD, 30 min Pivot: 0.7735 Analysis: Provided that the currency pair is traded below 0.7760, follow the recommendations below: Time frame: 30 min Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight On Monday, the American stock indices closed with mixed dynamics, at which the S&P 500 and Nasdaq Composite reached record closing levels. The Standard & Poor's 500 rose 13.89 points (0.36%) to 3,855.36 points. S&P 500, H4 Pivot: 3850.00 Analysis: Provided that the index is traded above 3815.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3850.00 Take Profit 1: 3861.00 Take Profit 2: 3900.00...
