Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices moderately declined Monday, retreating from the record highs reached late last week. Investors are weighing the risks associated with the continued rise in COVID-19 infections and are watching the aftermath of last week's protest outside the U.S. Congress building. The Dow Jones Industrial Average index was down 89.28 points (0.29%) at 31008.69 in yesterday's trading. Dow Jones 30, H4 Pivot: 31008.00 Analysis: Provided that the index is...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Tenreyro: we are still discussing the appropriateness of negative rates: Additional stimulus may be needed; In that case, it will be important to have negative rates in the toolkit; There is no clear evidence that negative rates will reduce bank profitability; All other things being equal, loose monetary policy can help the economy recover faster; Experiences in other countries point to the effectiveness of negative rates;...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices jumped to record highs in trading on Friday, ending the first working week of 2021 on the upside. Investors virtually ignored the political tensions in Washington in recent days, focusing on the prospects of an increase in stimulus by U.S. President-elect Joe Biden's administration. The S&P 500 index rose 20.89 points (0.55%) to 3,824.68 points. S&P 500, H4 Pivot: 3805.00 Analysis: Provided that the index is traded above 3781.50,...
Source: PaxForex Premium Analytics Portal, Technical Insight Jens Weidmann, a member of the ECB's Governing Council and head of the Bundesbank, said on Thursday that the ECB should ensure that emergency instruments are not used all the time. It is not the first time Weidmann has expressed concern about the ECB's emergency instruments. Back in December, he said the ECB's latest round of bond purchases risked weakening the market's ability to discipline governments. "We have to be careful. Emergency monetary...
Source: PaxForex Premium Analytics Portal, Technical Insight Major U.S. stock indices rose on Thursday and ended trading at record highs. The Nasdaq ended trading above 13,000 points for the first time. U.S. congressmen in a joint session on Wednesday certified the results of the U.S. presidential election, affirming the victory of Democrat Joe Biden. Nasdaq 100, H4 Pivot: 12945.00 Analysis: Provided that the index is traded above 12800.00, follow the recommendations below: Time frame: H4 Recommendation: long...
