Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock markets closed on Friday on the upside after a decline in the previous session, with technology stocks rising in price after the strong Oracle earnings report. Also, market participants are evaluating data on U.S. inflation. Consumer prices rose 0.4 percent in monthly terms in August, while analysts predicted a 0.3 percent increase. The Dow Jones Index rose to 27896.52 on Monday. Dow Jones Index, H4 Pivot: 27890.00 Analysis: Provided that the index...
Source: PaxForex Premium Analytics Portal, Technical Insight As the head of ECB C. Lagarde stated last weekend: Continuation of expansionary fiscal policy is vital to prevent a massive loss of jobs and to support household incomes until recovery is more robust; The ECB will carefully assess incoming data, including data on the euro appreciation, which is a risk factor for the economy and inflation. EUR/USD, 30 min Pivot: 1.1845 Analysis: Provided that the currency pair is traded above 1.1825, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The stock market in the U.S. is not going to recover too convincingly when opening up after the defeat of the high-tech sector that led to the NASDAQ correction. Nasdaq 100, H4 Pivot: 11135.00 Analysis: Provided that the index is traded below 11770.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 11135.00 Take Profit 1: 10870.00 Take Profit 2: 10300.00 Alternative scenario: In case of breakout of the...
Source: PaxForex Premium Analytics Portal, Technical Insight The dollar rose as traders reduced bearish positions on fears that other central banks, in particular the European Central Bank, would seek to stop too much strengthening of their national currencies. USD/CHF, 30 min Pivot: 0.9098 Analysis: Provided that the currency pair is traded above 0.9075, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9098 Take Profit 1: 0.9115 Take Profit 2: 0.9135 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight The Data Protection Supervision Agency of Ireland, DPC, has sent Facebook a preliminary order to suspend data transfer from the EU to the U.S., reports the Wall Street Journal. The decision came after a decision of the Supreme Court of Europe this summer, which at the same time canceled the EU-U.S. data transfer agreement and questioned the legitimacy of an alternative transfer mechanism - of course, in cases where the data comes to a non-EU organization covered by the U...
