Source: PaxForex Premium Analytics Portal, Technical Insight The Japanese government's coronavirus response team said a state of emergency in Japan should be declared as soon as possible, Reuters reported. "A rapid spread of infection across the country could occur if the epidemic in Tokyo and surrounding regions do not subside," the group said. - In a state of emergency, measures should be strengthened to reduce the risk of infection associated with eating out." USD/JPY, 30 min Pivot: 102.75 Analysis:...
Source: PaxForex Premium Analytics Portal, Technical Insight Stock America closed lower, the first trading day of 2021, amid worries about the rising number of coronavirus infections in the world. Last Thursday, which was the last day of trading in 2020, the Dow Jones and S&P 500 indicators renewed their record highs. S&P 500, H4 Pivot: 3700.00 Analysis: Provided that the index is traded below 3723.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3700.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Markit Manufacturing PMI for Canada: Biggest monthly jump on record; Highest reading since survey began in 2010; Previous reading was 55.8; Raw materials and product prices were at a 26-month high; New orders at three-month high; Sixth consecutive month above 50.0. USD/CAD, 30 min Pivot: 1.2750 Analysis: Provided that the currency pair is traded below 1.2795, follow the recommendations below: Time frame: 30 min...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for December 2020. December 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading multidirectional due to strengthening sectors of utilities, finance and health care. The market is demonstrating negative dynamics on the part of the oil and gas, technology and consumer services sectors. NASDAQ Composite index is down 0.03%. Nasdaq 100, H4 Pivot: 12887.00 Analysis: Provided that the index is traded above 12435.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry...
