Source: PaxForex Premium Analytics Portal, Technical Insight As the data published on Monday showed, ISM production fell to 57.5 in November from 59.3 earlier and the forecast of 58: October value was the highest since November 2018; New orders component 65.1 vs. pre. 67.9; Price component paid 65.4 vs. pre. 65.5; Employment component 48.4 vs. 53.2; Inventory component 51.2 vs. pre. 51.9; Production Component 60.8 vs. 63.0; Pending orders component 56.9 vs. 55.7; Supply component 61.7 vs. 60...
Source: PaxForex Premium Analytics Portal, Technical Insight November was a great month for the currency and stock markets, with the Covid-19 vaccine from several companies showing successful clinical trials having a positive impact on the markets, which moves prices to new heights. Now we provide a detailed report on income in financial markets: So, on the currency trading we made a profit of 1606 points, which is 32.12% of tradable balance from $1000 - $50,000, where the maximum profit was $16,060. With a tradable...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed trading on Monday with a decline but showed record monthly growth and November dynamics. According to investors, the main drivers of the recent market growth were two factors: the development of three COVID-19 vaccines, which gave hope that the economic turmoil caused by the coronavirus pandemic will come to naught in 2021, and the easing of political uncertainty after the presidential elections in the United States. S&P 500, H4 Pivot:...
Source: PaxForex Premium Analytics Portal, Technical Insight As ECB head C. Lagarde said during her speech on the authorities' response to the pandemic: Monetary policy cannot be as targeted and point-based as fiscal policy measures; Fiscal policy becomes crucial when the service sector is under attack; The coordination of fiscal and monetary policies has proved very useful; At the time of publication, Lagarde mainly talks about the coronavirus crisis and does not yet touch upon the issues of further ECB...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold is cheaper, ending the week with the most significant fall since late September, against the backdrop of an increased appetite for risk in global markets thanks to the news about the success of several companies in the development of vaccines against COVID-19. GOLD/USD, 30 min Pivot: 1771.00 Analysis: Provided that the price is below 1793.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1771.00 Take...
