Source: PaxForex Premium Analytics Portal, Technical Insight 16.8 billion Swiss francs of credit funds in total received small and medium businesses in Switzerland to cope with the coronavirus pandemic. The data was provided by the Secretariat of State for Economic Affairs (SECO). USD/CHF, 30 min Pivot: 0.9119 Analysis: Provided that the currency pair is traded above 0.9095, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9119 Take Profit 1: 0.9160 Take Profit 2: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading on Wednesday at record levels amid investors' hopes for progress in developing tests and a vaccine against coronavirus. The Dow Jones Industrial Average Index rose 454.84 points (1.59%) to 29100.50 points, ending the day at 1.5% below its record high of 29551.42 on February 12. Dow Jones Index, 30 min Pivot: 29145.00 Analysis: Provided that the currency pair is traded above 28000.00, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight British Prime Minister Boris Johnson's spokesman confirmed on Tuesday that there is no way to extend the transition period beyond Brexit. "Britain would like to settle simpler issues in the negotiations first to give impetus to the deal," the spokesman added, noting they are optimistic about a trade agreement with Japan. GBP/USD, 30 min Pivot: 1.3382 Analysis: Provided that the currency pair is traded below 1.3410, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed trading on Tuesday with growth due to strengthening the sectors of raw materials, technology, and consumer services. The S&P 500 index rose 0.75%. The index's growth leaders were L Brands Inc (NYSE: LB), which rose 7.28 percent to 31.54, Albemarle Corp (NYSE: ALB), which gained 7.01 percent, closing at 97.39, and Walmart Inc (NYSE: WMT), which rose 6.29 percent, ending the session at 147.59. S&P 500, 30 min Pivot: 3500....
Source: PaxForex Premium Analytics Portal, Technical Insight Australian authorities intend to make coronavirus vaccination mandatory. As AFP reports, it was announced by Prime Minister Scott Morrison. According to him, Australia plans to establish the production of the vaccine, which is currently being developed by a Swedish-British pharmaceutical group together with Oxford University. AUD/USD, 30 min Pivot: 0.7402 Analysis: Provided that the currency pair is traded above 0.7370 follow the recommendations below: Time...
