Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices are falling on Thursday amid the strengthening U.S. dollar after U.S. Treasury Secretary Stephen Mnuchin practically deprived markets of hope for new budget incentives before the presidential election on November 3. GOLD/USD, 30 min Pivot: 1907.00 Analysis: Provided that the price is above 1897.00, follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1907.00 Take Profit 1: 1913.00 Take Profit 2: 1925.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports comments from a spokesman for British Prime Minister Johnson, who said that the chief negotiator of the British Frost filled the Prime Minister in on the details of negotiations with the EU: Britain is waiting for the conclusion of the European Council and will take it into account in determining the next steps; Britain's goal remains a trade deal with the EU. GBP/USD, 30 min Pivot: 1.2891 Analysis: Provided that the currency pair...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market ended the trading environment with a drop in the negative dynamics of the telecommunications, consumer services and finance sectors. At the close of the NYSE, the S&P 500 index fell by 0.66%. S&P 500, H4 Pivot: 3494.00 Analysis: Provided that the index is traded below 3506.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3494.00 Take Profit 1: 3447.00 Take Profit 2: 3423.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters quoted an anonymous official, who said that the Central Bank is "actively working" on negative rates and the program "financing for lending. At the same time, Bloomberg cited a member of the RBNZ, Hoxby, who noted that in the next three years, inflation would remain well below the target level. Meanwhile, Central Bank's chief economist Ha said that the regulator should be more aggressive with incentives. It is better to do too much and too...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market finished trading lower after a volatile session, pausing growth during the previous four trading days. Investors evaluated quarterly reports of some of the largest financial institutions in the country, which gave an unofficial start to the corporate reporting season in the USA. At the same time, market sentiment is still affected by the uncertainty associated with the second wave of coronavirus pandemics and the scale of new restrictions that may...
