Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market rose in trading on Monday, with all three major indices closing at new historic highs. The market was supported by news that U.S. President Donald Trump signed the country's $2.3 trillion fiscal year 2021 budget, which includes a $900 billion pandemic economic support package. The decision, which was announced Sunday, brought relief to investors who were alarmed by Trump's demands last week that Congress amend the COVID-19 pandemic relief...
Source: PaxForex Premium Analytics Portal, Technical Insight China's copper imports from Australia declined 34% to 26,717 tons in November, the lowest since January 2017. It was the result of deteriorating relations between the two countries and a corresponding adjustment in the Chinese government's policy towards Australia. AUD/USD, 30 min Pivot: 0.7595 Analysis: Provided that the currency pair is traded above 0.7570, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold is rising in price thanks to the decline of the dollar, investors are waiting for an agreement on trade relations between the UK and the EU after Brexit. The UK and the EU are on the verge of a trade agreement, which supports the pound and puts pressure on the dollar. The depreciation of the dollar makes gold more attractive to holders of other currencies. GOLD/USD, 30 min Pivot: 1880.00 Analysis: Provided that the price is above 1875.00, follow these...
Source: PaxForex Premium Analytics Portal, Technical Insight As Head of Bank of Japan H. Kuroda said, the regulator expects the national economy to grow moderately in line with the trend: There remains high uncertainty about the outlook for the economy; The central bank does not expect Japan to return to deflation, but is keeping a close eye on price dynamics in light of current uncertainties; In the upcoming monetary policy revision, the central bank sees no need to revisit yield curve controls; The CB will...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices showed no single dynamic at the close of trading on Wednesday on mixed data. The Dow Jones Industrial Average index rose by 114.32 points (0.38%) to 30129.83 points. The number of Americans filing for unemployment benefits for the first time last week fell by 89,000 to 803,000, the U.S. Labor Department said Wednesday. According to revised data, a week earlier, the number of appeals was 892,000, not 885,000, as previously reported. On average, experts...
