Source: PaxForex Premium Analytics Portal, Technical Insight As G. Debelle, Deputy Head of Federal Bank of Australia, reported during his speech on monetary policy: He does not expect any increase in rates at least for the next three years; Bond purchase program puts downward pressure on AUD rate; The program was necessary because the yield on Australian 10-year bonds was higher than in other countries; Caution must be exercised to avoid premature withdrawal of stimuli. The country's public debt is...
Source: PaxForex Premium Analytics Portal, Technical Insight During a pandemic, each industry has its own specific problems, and the largest credit institutions are no exception in this regard. Investor banks from the U.S. had to face the following difficulty this year: they can not decide whether to bonus traders who were lucky with the growth of indices from the March minimum or to keep bonus pools. Bonuses in the U.S. are a significant part of the profit of traders in the junior and middle positions. They can reach 60% of their...
Source: PaxForex Premium Analytics Portal, Technical Insight As reported by the President of the Chicago Federal Reserve Bank C. Evans: In the event of further deterioration in the economy, the Fed will be ready to do more to support it; I would be surprised if the Fed increased its rates to 2023, even if the rate of recovery was stronger than projected; The regulator should not try to calibrate the excess inflation of the target level; Base inflation should be accelerated to 2.5%; The US...
Source: PaxForex Premium Analytics Portal, Technical Insight On Thursday, U.S. stock indices ended up growing, recouping losses previously observed in the course of trading due to the growth of shares of technological companies. The Dow Jones Industrial Average Index rose 44.81 points (0.15%) to 29328.95 points. Dow Jones 30, H4 Pivot: 29875.00 Analysis: Provided that the index is traded below 30120.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 29875.00 Take Profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight According to the Head of the Bank of Japan H. Kuroda, speaking in the National Parliament: If necessary, the Central Bank will not hesitate to take additional measures to mitigate monetary policy; The world economy is expected to recover, but only at a modest pace; The Japanese economy is showing recovery as export and production indicators reflect the recovery of foreign economies; Japan's economy will maintain a trend of recovery, but the...
