Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market fell on Tuesday after a rally the day before on news of another coronavirus vaccine being successfully tested. Dow Jones and the S&P 500 reached new record highs on Monday after U.S. biotech company Moderna Inc. reported its coronavirus vaccine efficiency of 94.5 percent. S&P 500, H4 Pivot: 3618.00 Analysis: Provided that the index is traded above 3579.00, follow the recommendations below: Time frame: H4 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of the Atlanta Federal Reserve Bank: the economy will recover decently when the vaccine becomes available to the population: The Fed will monitor the situation from now until the next meeting to determine the need to change the asset purchase program; We will monitor whether a drop in retail sales will make the situation worse; Some people seem to be running out of money; Assistance programs must be available to those in need; ...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you an interim performance report of our signals for the first half of November 2020. The first half of November was significantly beneficial for the stock market, with the positive impact of the Covid-19 vaccine on investors who are gradually moving out of the safe-haven assets by moving their capital into more risky ones. Now we provide a detailed report on income in financial markets: So, on the currency trading we...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose on Monday, with the S&P 500 and Dow Jones Industrial Average reaching record highs after Moderna Inc reported on the effectiveness of its experimental COVID-19 vaccine. Moderna shares rose 9.6 percent after the company reported that its experimental vaccine showed 94.5 percent efficacy in preventing COVID-19 based on interim data from late stage clinical trials. Nasdaq rose 0.8% to 11,924.129 points. Nasdaq 100, H4 Pivot: 11980.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Yellen: There is no conflict between the Fed's dual mandate (inflation, employment): Strong growth in the labor market is beneficial for minorities; The Fed does not set a target unemployment rate for different groups of workers. USD/JPY, 30 min Pivot: 104.50 Analysis: Provided that the currency pair is traded below 104.70, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 104.50 Take Profit 1:...
