Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market grew at the end of trading on Friday. Dow Jones rose 4.1 percent and S&P 500 2.16 percent for the week after Pfizer (NYSE: PFE) Inc. announced Monday it had 90 percent effective coronavirus vaccine it is developing with German BioNTech. Dow Jones 30, H4 Pivot: 29350.00 Analysis: Provided that the index is traded above 28450.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 29350.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Last weekend, it became known that the Prime Minister of Britain B. Johnson left for self-isolation after contact with an infected covid-19. The Prime Minister himself reportedly does not show any signs of illness. As Johnson himself explained on Twitter, he just "follows the rules". Meanwhile, in Britain on Saturday, there was a record increase in the incidence of coronavirus by 26,860 new cases. GBP/USD, 30 min Pivot: 1.3220 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices have changed little since Tuesday as concerns over the wide availability of a potential coronavirus vaccine and expectations of new incentives offset the effects of demand on risk assets and the strengthening dollar. GOLD/USD, 30 min Pivot: 1879.00 Analysis: Provided that the price is above 1867.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1879.00 Take Profit 1: 1890.00 Take Profit 2: 1900.00...
Source: PaxForex Premium Analytics Portal, Technical Insight As the head of the Central Bank of New Zealand, Adrian Orr, stated in an interview with Bloomberg TV: He is satisfied with the current monetary policy of the Bank, in particular with FLP and QE programs; Believes in the effectiveness of the "financing for credit" program; Purchases of foreign assets "are not a preferred option"; Assumptions about further economic growth are highly questionable; The new coronavirus attack is a...
Source: PaxForex Premium Analytics Portal, Technical Insight On Wednesday, the U.S. stock indices closed with a mixed momentum, with the S&P 500 and Nasdaq rising, while the Dow Jones dropped slightly after a two-day rise. The Standard & Poor's 500 rose 27.13 points (0.77%) to 3572.66 points. Goldman Sachs experts have raised the forecast of the stock index Standard & Poor's 500 at the end of this year to 3700 points from previously expected 3600 points. At the end of trading on Tuesday, its value was 3545.53...
