Source: PaxForex Premium Analytics Portal, Technical Insight Comments from the president of the Federal Reserve Bank of Boston on the outlook for 2021: The Fed will continue to buy long-term assets until the economy recovers; We are likely to see significant consumption growth in the second half of the year; Strongly accommodative fiscal and monetary policies will create serious demand for risky assets in 2021; Much needs to be done to make the financial infrastructure more resilient and to avoid future shocks...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock indices did not show the same dynamic at the close of trading on Wednesday: the S&P 500 and Nasdaq increased, while the Dow Jones had a slight decline. Investors were following the political situation in the USA, where the House of Representatives was considering a resolution to impeach President Donald Trump over his role in the Capitol riots last week. Nasdaq 100, H4 Pivot: 12881.00 Analysis: Provided that the index is traded below 13020.00,...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports statements by Canadian Prime Minister Justin Trudeau who announced yesterday that he has closed a deal with Pfizer/BioNTech to buy 20 million doses of the COVID-19 vaccine. He also added that the border closure with the U.S. has been extended until February 21. USD/CAD, 30 min Pivot: 1.2695 Analysis: Provided that the currency pair is traded below 1.2720, follow the recommendations below: Time frame: 30 min Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The gold price climbed nearly 1 percent on Tuesday, retreating from a one-month low the day before, as investors focused on the outlook for inflation, which could be fueled by additional stimulus measures in the U.S. under President-elect Joe Biden. GOLD/USD, 30 min Pivot: 1859.00 Analysis: Provided that the price is above 1847.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1859.00 Take Profit 1: 1871.00...
Source: PaxForex Premium Analytics Portal, Technical Insight The head of the Federal Reserve Bank of Atlanta, Bostick: we may see a more significant price rebalancing than expected: We will see how much inflation recovers; We hope that the 2% inflation rate in the U.S. will be reached faster. NZD/USD, 30 min Pivot: 0.7225 Analysis: Provided that the currency pair is traded above 0.7200, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7225 Take Profit 1: 0....
