Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports comments from an EU diplomat who said that disagreements remain on the same issues in negotiations with Britain, including equal conditions and fisheries: The issue of equal conditions has not been resolved; Britain has not yet put forward adequate proposals on the issue of state aid; Disagreements remain on fisheries issues; It cannot be said that there are hours left before the deal is concluded; we still need to agree on important...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. economy added 638 thousand jobs in October 2020, which was above the consensus forecasts of analysts. The unemployment rate is gradually declining, which hits some optimism in the markets. These factors are primarily due to the positive news about the relatively successful COVID-19 vaccine trials from several U.S. companies. Non-Farm Payrolls Employment Last data: 638K Consensus Forecast: 500K Non-Farm Payrolls (NFP) is an economic indicator that...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices changed in different directions following the trading results on Wednesday: Dow Jones and S&P 500 rose, while Nasdaq declined slightly. Meanwhile, the S&P 500 updated its record high for the second consecutive day. Nasdaq 100, H4 Pivot: 12442.00 Analysis: Provided that the index is traded above 12340.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 12442.00 Take Profit 1: 12510.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of the Reserve Bank of New Zealand Orr: we are preparing to introduce a negative rate if necessary: Financial and monetary policies should work hand in hand; There are always pros and cons when it comes to monetary policy; Reducing risks are prevalent in the economy; The objectives of monetary policy have not changed; RBNZ takes real estate prices into account when implementing monetary policy; New monetary policy instruments will...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading on Tuesday with growth due to the strengthening of the financial, technology, and utility sectors. At the closing of the NYSE, Dow Jones rose by 0.70%. Dow Jones 30, H4 Pivot: 29835.00 Analysis: Provided that the index is traded above 29650.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 29835.00 Take Profit 1: 30120.00 Take Profit 2: 30400.00 Alternative scenario: ...
