Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose markedly on Wednesday, with votes still counting in several key states, including Pennsylvania, at the close of trading. Victory in Pennsylvania brings 20 votes. U.S. President Donald Trump expressed confidence that he was winning in the state. Nasdaq 100, H4 Pivot: 11793.00 Analysis: Provided that the index is traded above 11340.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11793.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Today, during the morning Asian session, the pound suddenly found itself under pressure because of reports in the British media that today's monetary policy meeting may still make a step towards negative interest rates. GBP/USD, 30 min Pivot: 1.2958 Analysis: Provided that the currency pair is traded below 1.3000, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2958 Take Profit 1: 1.2915 Take Profit 2: 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading on Tuesday with growth due to the strengthening of industry, consumer services and finance sectors. At the time of closing on the New York Stock Exchange, Dow Jones rose by 1.93%. Dow Jones 30, H4 Pivot: 27568.00 Analysis: Provided that the index is traded above 27040.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 27568.00 Take Profit 1: 27875.00 Take Profit 2: 28160.00...
Source: PaxForex Premium Analytics Portal, Technical Insight As Citibank analysts write in anticipation of the forthcoming meeting of the Federal Reserve on monetary policy: We do not expect any new measures or meaningful statements of intent from the Central Bank regarding future policy; The meeting will be held directly against the background of the presidential election and after a significant review of the Fed's forecasts in September. These two factors may lead to a very thorough meeting; The Central Bank...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices rose on Monday due to investor cautiousness in the run-up to the U.S. presidential election and economic fears amid growing coronavirus cases. GOLD/USD, 30 min Pivot: 1892.01 Analysis: Provided that the price is above 1885.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1892.01 Take Profit 1: 1899.00 Take Profit 2: 1904.00 Alternative scenario: In case of breakdown of the level 1885.00,...
