Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market surged on Tuesday, with the Dow Jones and S&P 500 indices making record highs. Besides, the Dow Jones indices exceeded 30000 points for the first time. Since the beginning of the month, the indicator has added 13% and can show the maximum monthly growth since 1987, notes CNBC. The S&P 500 and Nasdaq rose 11.2% and 10.3% in November, respectively. Investor optimism on Tuesday was connected with the news about the beginning of power transfer...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Haskell: The vaccine is a light at the end of the tunnel: We note the long-term impact of COVID-19 on the economy; It is too early to tell if the vaccine will be able to improve the Bank of England GDP forecast for 2021; If the economy recovers with the help of the vaccine, Brexit`s impact may be long term; We still have enough policy tools. GBP/USD, 30 min Pivot: 1.3358 Analysis: Provided that the currency pair is traded...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold is declining on Monday after the news about the AstraZeneca vaccine (LON: AZN), which increased investors' appetite for more risky assets. AstraZeneca said on Monday that its coronavirus vaccine, developed in conjunction with the University of Oxford, showed an average performance of 70% in two segments of the study. With one dosing regimen, the vaccine can show 90% efficacy, the company said. GOLD/USD, 30 min Pivot: 1826.00 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Finance Minister Robertson, the authorities are studying the issue of transferring responsibility for the stability of real estate prices to RBNZ. If this scenario is implemented, the regulator will have to take this factor into account when determining the course of its monetary policy NZD/USD, 30 min Pivot: 0.6968 Analysis: Provided that the currency pair is traded above 0.6938, follow the recommendations below: Time frame: 30 min Recommendation...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading negative on Friday amid a growing number of new infections with coronavirus and concerns about economic recovery. According to the analysis of data from Johns Hopkins University, carried out by CNBC, for the last seven days, the average daily growth of new infections in the U.S. was 165,029, which is 24% more than the figure recorded a week earlier. Economists at JPMorgan have downgraded the U.S. GDP forecast for the first quarter and...
