Source: PaxForex Premium Analytics Portal, Technical Insight Within the past three days, 19 cases of infection with SARS-CoV-2 coronavirus were detected in New Zealand, according to the press service of the New Zealand Ministry of Health. It is reported that all cases of infection were detected among those arriving in the country from abroad, they were subjected to mandatory quarantine. NZD/USD, 30 min Pivot: 0.7190 Analysis: Provided that the currency pair is traded below 0.7210, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Major U.S. stock market indexes rose on Wednesday amid renewed optimism about the coronavirus vaccine. The U.K. Medicines Control Agency (MHRA) on Wednesday approved a coronavirus vaccine, COVID-19, developed by Anglo-Swedish company AstraZeneca, the company said in a statement. "AstraZeneca's COVID-19 vaccine has been approved for emergency use in the United Kingdom, the first doses will be released today, and vaccination could begin early in the new year,...
Source: PaxForex Premium Analytics Portal, Technical Insight German Central Bank governor and ECB Governing Council member J. Weidmann said in an interview for a German newspaper Weidmann: We expect Germany's debt burden during the pandemic to be lower than it was during the 2008 financial crisis; Does not think that the second wave of the coronavirus will cause more damage than the first wave; Emergency fiscal support measures taken by the German government should be withdrawn immediately after the end of the...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Tuesday's trading lower after the major indicators reached the new record highs the day before. The Dow Jones Industrial Average index declined 68.3 points (0.22%) to 30,335.67 points. U.S. Senate Republican Majority Leader Mitch McConnell blocked a vote on increasing direct payments in the new stimulus package to $2,000 from $600, CNBC reported. On Monday, the House of Representatives voted to increase the payments, which Trump had...
Source: PaxForex Premium Analytics Portal, Technical Insight After the Swiss National Bank's (SNB) monetary policy update, Chairman Jordan said during a press conference that there is a lot of pressure on the franc exchange rate in times of uncertainty. SNB board member Andrea Mehler also commented on the importance of the exchange rate, noting that it continues to be closely monitored. "That's why we have made significant purchases of foreign exchange this year. The expansionary monetary policy counteracts the...
