Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, Thomas Barkin, head of the Federal Reserve Bank of Richmond, said Thursday that mass vaccination against the coronavirus is unlikely to happen before this summer. "The results of the congressional races will likely allow more support for the least fortunate applicants, but still hold back more ambitious programs. There are still deflationary forces restraining prices. The second half of 2021 is expected to be robust in terms of business and...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you an interim performance report of our signals for the first half of January 2021. The first half of January was moderately volatile as the market is in the accumulation and distribution phase at the very beginning of the new fiscal year. Investors are choosing assets for long-term investments, diversifying their portfolios, and new trends in all markets are on the way. Now we provide a detailed report on income in financial...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed trading lower on Friday, posting their biggest weekly decline since October 30. Investors were assessing President-elect Joe Biden's pandemic economic aid plan COVID-19 and the quarterly results of major banks. The $1.9 trillion package presented by Biden includes, among other things, direct payments to U.S. residents, unemployment benefits supplements, and an increase in the minimum wage Dow Jones 30, H4 Pivot: 30784.00 Analysis:...
Source: PaxForex Premium Analytics Portal, Technical Insight Fed chief Powell: the time to raise rates will not come soon: The Fed does not stick to any formula about the target level of inflation; In order to reach the 2% inflation target, the average inflation rate needs to be 2%; We agree to let the 2% target be exceeded so that the average inflation rate is 2%; Flexible inflation targeting means that we are not tied to a mathematical formula; We would like to limit inflation expectations to...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Thursday's trading with small losses, reversing down closer to the end of the session. The Standard & Poor's 500 fell 14.3 points (0.38%) to 3,795.54 points. Investors were focused on the prospects of more stimulus by U.S. President-elect Joe Biden's administration. Later on Thursday, Biden was to announce the details of the fiscal stimulus package, which could reach $2 trillion. S&P 500, H4 Pivot: 3795.00 Analysis:...
