Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market ended Thursday's trading with growth due to strengthening the oil and gas, utilities, and finance sectors. At the closing of the NYSE, the S&P 500 index rose by 0.80%. S&P 500, H4 Pivot: 3446.00 Analysis: Provided that the index is traded above 3425.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3446.00 Take Profit 1: 3491.00 Take Profit 2: 3520.00 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of Bank of Canada McLem: Policy has an impact on the financial system: A strong Bank of Canada response to the pandemic was necessary, but now the economy and the financial system will be more exposed to different shocks; It is clear that after the pandemic the level of public debt will increase; Companies and pension funds will have to adjust to low rates; The Bank of Canada will continue to assess the risks that credit losses may become high...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market ended Wednesday trading by strengthening the commodities, consumer services, and healthcare sectors. At the close of the NYSE, Dow Jones gained 1.91 percent, reaching a monthly high. Dow Jones 30, H4 Pivot: 28346.00 Analysis: Provided that the index is traded above 27930.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 28346.00 Take Profit 1: 28730.00 Take Profit 2: 28900.00 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight The Japanese government is exploring additional ways to ease restrictions on entry due to coronavirus. It was reported by the newspaper Nikkei on October 8. It is assumed that now there will be more opportunities for local residents and foreign nationals permanently residing in the country to travel abroad for work. In the case of such a decision, after returning from business trips, they may be released from the mandatory two-week regime of self-isolation. USD/JPY, 30...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. economic recovery is far from over and could still slide down a downward spiral if the coronavirus is not effectively controlled and growth is not sustainable, Federal Reserve Chairman Jerome Powell warned Tuesday, calling for more help for businesses and households. GOLD/USD, 30 min Pivot: 1883.00 Analysis: Provided that the price is below 1891.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1883.00 Take...
