Source: PaxForex Premium Analytics Portal, Technical Insight As S&P Global Ratings has warned: Brexit without a trade deal could stall the recovery of the British economy, which would be an adverse effect on the country's sovereign credit rating; The economic and political consequences of Brexit without a deal would be very massive; The lack of an agreement will eventually affect Britain's ability to attract capital and labor, the state of its government budget, and its debt/GDP ratio; If the pace...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices were mixed on Friday amid uncertainty about the prospects of the U.S. Congress adopting the next economic stimulus package and unsuccessful negotiations between Britain and the European Union about the relations of the parties after Brexit. At the same time, investors hope that the soon introduction of COVID-19 vaccines may contribute to economic recovery. Dow Jones 30, H4 Pivot: 30038.00 Analysis: Provided that the index is traded above 28900.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Six cases of SARS-CoV-2 coronavirus infection have been detected in New Zealand over the past day, according to the press service of the New Zealand Ministry of Health. It is noted that all infected people arrived in the country from abroad, coronavirus infection among them was detected during the passage of the mandatory quarantine. No cases of local spread of infection have been recorded. NZD/USD, 30 min Pivot: 0.7087 Analysis: Provided that the currency pair is...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed Thursday's trading without a single dynamic. The Standard & Poor's 500 index declined by 4.72 points (0.13%) to 3,668.1 points. The market was pressured by a larger-than-expected increase in jobless claims, as well as the lack of tangible progress in the negotiations of lawmakers on a new package of economic support measures. At the same time, hopes for the imminent introduction of COVID-19 vaccines support investor sentiment. S...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB decided to leave the main refinancing rate at 0.00%, the marginal lending rate at 0.25%, and the deposit rate at -0.50%. The ECB also announced a decision to increase the Pandemic Emergency Purchase Program (PEPP) package by €500 billion to €1,850 billion. The bank also extended the PEPP net purchases until at least the end of March 2022: Expanded the window for the minimum TLTRO rate; Extended the timing of collateral relief from April to...
