Source: PaxForex Premium Analytics Portal, Technical Insight According to the British edition of Telegraph, the chief negotiator on Brexit from the EU M. Barnier is preparing for the fact that a team of negotiators from Brussels will stay in London to discuss the trade deal for another three days, until Wednesday. It was previously assumed that they would return to the continent already on Sunday GBP/USD, 30 min Pivot: 1.3036 Analysis: Provided that the currency pair is traded above 1.3005, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices did not show a single trend at Friday's trading results as there was no progress in agreeing on new measures to support the U.S. economy. According to Seven Points Capital partner Mike Katz, market participants took a "wait-and-see" position. He noted that any news about the incentives leads to movement on the market, "but nothing follows, because we don't have a clear picture on this issue." U.S. Treasury Secretary Steven...
Source: PaxForex Premium Analytics Portal, Technical Insight According to the head of the Central Bank of New Zealand A. Orr: He is aware of the asset price inflation; RBNZ should act with a focus on the medium term; Monetary policy has its limits; Under the QE program, the Central Bank still has a significant amount of space for further maneuvers; It is better to deal with inflation than with deflation. NZD/USD, 30 min Pivot: 0.6681 Analysis: Provided that the currency pair is traded below 0.6703...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Thursday with growth thanks to the strengthening of the oil and gas, telecommunications and healthcare sectors. The NASDAQ Composite index rose 0.19%. Nasdaq 100, H4 Pivot: 11662.00 Analysis: Provided that the index is traded above 11510.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 11662.00 Take Profit 1: 11880.00 Take Profit 2: 12040.00 Alternative scenario: In case of...
Source: PaxForex Premium Analytics Portal, Technical Insight Swissmedic, the Swiss drug regulatory agency, has begun pre-certification in the rolling submission format of a second Covid-19 vaccine, this time from the American pharmaceutical company Pfizer. USD/CHF, 30 min Pivot: 0.9074 Analysis: Provided that the currency pair is traded above 0.9060, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9074 Take Profit 1: 0.9095 Take Profit 2: 0.9110 Alternative scenario...
