Source: PaxForex Premium Analytics Portal, Technical Insight As reported by the President of the Federal Reserve Bank of San Francisco M. Daley in an interview with CNBC: He expects growth to slow down in the future; The Fed's policy is consistent with the current situation; Fiscal support is crucial; In the face of the epidemic, continued support for Americans is essential; The vaccine is good news, but the priority now is to increase the rate of disease; Without fiscal assistance, economic...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices closed trading on Tuesday without a single dynamic. Investors were selling shares of companies that had benefited from the coronavirus pandemic and buying securities of companies that were dependent on economic recovery. On the eve, U.S. stock indices were mostly up, approaching record highs. The optimism of market participants was connected with the news about the success of COVID-19 vaccine trials developed by the American company Pfizer Inc. and...
Source: PaxForex Premium Analytics Portal, Technical Insight Australian CSL, with the participation of English-Swedish AstraZeneca, launched the production of a new coronavirus vaccine in Australia. About 30 000 000 doses of the vaccine are planned to be produced in Victoria. Reportedly, each person may need two doses of the vaccine. The vaccine is still in the trial phase and is also awaiting approval from Therapeutic Goods Administration. AUD/USD, 30 min Pivot: 0.7313 Analysis: Provided that the currency pair is traded...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock indices were mostly up on Monday, approaching record highs. The Dow Jones Industrial Average Index rose 834.57 points (2.95%) to 29157.97 points by market close, the highest level since February. It showed the highest one-day growth since June 5. Earlier in the course of trading, the indicator reached a historic high, rising at some point by about 5.7%, or more than 1600 points. Dow Jones 30, H4 Pivot: 29158.00 Analysis: Provided that the index is...
Source: PaxForex Premium Analytics Portal, Technical Insight Eurozone: Sentix confidence index deteriorated less than forecast: Eurozone: November, Sentix Investor Confidence Index -10.0 vs. previous year -8.3 and a forecast of -15.0; Current situation estimate -32.3 vs. the previous -32.0; Expectations index 15.3 vs. previous -18.8 - the lowest since May; Sentix: New lockdowns have less impact on the economy than they feared. Expectations remain in the green zone. EUR/USD, 30 min Pivot: 1.1830...
