Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock indices closed Monday with multi-directional changes, with Nasdaq updating its record high for the second consecutive day. The Dow Jones Industrial Average index dropped 148.47 points (0.49%) to 30069.79 points. Standard & Poor's 500 dropped by 7.16 points (0.19%) to 3,691.96 points. Nasdaq Composite added 55,71 points (0,45%) and made up 12519,95 points. Dow Jones 30, H4 Pivot: 30050.00 Analysis: Provided that the index is traded above 29945...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada may approve the Pfizer vaccine already this week. It was announced by Canadian Prime Minister J. Trudeau, adding that by the end of this year the country can receive 249 thousand doses of coronavirus vaccine. A person needs two doses of coronavirus vaccine to be vaccinated. USD/CAD, 30 min Pivot: 1.2806 Analysis: Provided that the currency pair is traded below 1.2815, follow the recommendations below: Time frame: 30 min Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices increased at the end of trading on Friday, despite disappointing data on job growth in the United States. However, as noted by MarketWatch, four major indicators (Dow Jones, S&P 500, Nasdaq, and Russell 2000) closed trading at record high levels. The last time they updated records on one day was January 22, 2018, according to Dow Jones Market Data. S&P 500, H4 Pivot: 3692.00 Analysis: Provided that the index is traded above 3515.00,...
Source: PaxForex Premium Analytics Portal, Technical Insight As the White House economic adviser L. Kudlow said in an interview with Fox Business on Friday: The tone of negotiations on fiscal aid to the economy during the coronavirus crisis has become more optimistic; The U.S. economy is still very strong and in the process of V-shaped recovery; The pandemic could slow the U.S. economy down next year; President Trump is supporting a package of targeted assistance measures; The employment situation remains...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices are rising on Thursday amid a decline in the dollar, driven by hopes for a speedy introduction of coronavirus vaccines and cautious optimism among investors about budget incentives in the U.S. GOLD/USD, 30 min Pivot: 1840.00 Analysis: Provided that the price is above 1829.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1840.00 Take Profit 1: 1851.00 Take Profit 2: 1861.00 Alternative...
