Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rebounded on Thursday amid expectations of new stimulus after data indicated a slowdown in labor market recovery. S&P 500, H4 Pivot: 3330.00 Analysis: Provided that the index is traded below 3340.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3330.00 Take Profit 1: 3255.00 Take Profit 2: 3200.00 Alternative scenario: In case of breakout of the level 3340.00, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Australian authorities have made changes to the Coronavirus Pandemic benefit program. Total funding was reduced from seventy to thirty billion Australian dollars. Requirements for Australian citizens who can expect to receive benefits were tightened AUD/USD, 30 min Pivot: 0.7134 Analysis: Provided that the currency pair is traded below 0.7175, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7134 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. Non-Farm Payrolls Report (NFP), which comes out this Friday on 02.10.2020, is almost a record high on the consensus forecast. It will have a positive impact on the U.S. economy in the foreseeable future. The growth of this indicator is a vital puzzle in the financial ecosystem of the United States, which has a significant impact on the change in the Fed's rhetoric about tightening monetary policy. Of course, this will not happen at the next Central Bank...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices rose at the end of trading on Wednesday amid growing hopes for new economic stimulus measures. Meanwhile, the U.S. stock market showed the first monthly decline since March. Dow Jones 30, H4 Pivot: 27780.00 Analysis: Provided that the index is traded below 28020.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 27780.00 Take Profit 1: 27235.00 Take Profit 2: 26940.00 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD is under pressure after ECB head Lagarde expressed concerns about inflation, while demand for a safe US dollar is growing after the first presidential debate. EUR/USD, 30 min Pivot: 1.1746 Analysis: Provided that the currency pair is traded above 1.1715, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1746 Take Profit 1: 1.1775 Take Profit 2: 1.1795 Alternative scenario: In case of breakdown...
