Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you an interim performance report of our signals for the first half of December 2020. The first half of December was balanced for both the stock and currency markets. A good percentage of profitable trades in both markets without much confusion, prompting the idea that the markets are coming to stability and some decline in volatility due to the impending holidays. Now we provide a detailed report on income in financial...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Friday trading in a negative zone after updating record highs a day earlier. At the same time, the main indicators finished the week much better: the S&P 500 increased by 1.3%, Dow Jones - by 0.4%. The Nasdaq was up 3.1%. Investors continue to watch the negotiations on new fiscal stimulus in the USA. Senate Republican leader Mitch McConnell said Friday that discussions "remain productive." "I'm even more optimistic now...
Source: PaxForex Premium Analytics Portal, Technical Insight Federal Reserve, Brainard: it's important to strengthen the financial system to deal with climate change: The Fed has made progress in trying to take climate concerns into account when setting policy; The Fed plans to work with other U.S. financial regulators on climate change in the coming years; The Fed also plans to work with other foreign banks on climate change research. USD/CHF, 30 min Pivot: 0.8865 Analysis: Provided that the currency...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed the trading session at record highs thanks to hopes for agreement in Washington on an additional bailout package by the end of 2020. Investors largely ignored the data published on Thursday, which showed weakness in the economy amid the renewed spread of COVID-19, and focused on the fact that the negotiators in the U.S. Congress are close to passing another package of assistance to workers and businesses affected by the pandemic. Dow Jones...
Source: PaxForex Premium Analytics Portal, Technical Insight Powell, Q&A: We will not attribute "substantial further progress" to the numbers: The interest rate and balance sheet tools, which provide powerful support for the economy, will continue to be used; The current economic downturn is the most severe of all; Recovery may require continued support from both fiscal and monetary policy; I will not denote substantial progress by specific numbers; Employment should be "substantially...
