Source: PaxForex Premium Analytics Portal, Technical Insight Fed Chairman Jerome Powell announced a major policy shift on Thursday concerning "targeting average inflation. It means that the central bank will be more inclined to allow inflation to exceed the standard target of 2 percent before raising interest rates. In addition to changing inflation, the Fed has changed its approach to employment to focus on people with low incomes. EUR/USD, 30 min Pivot: 1.1874 Analysis: Provided that the currency pair is traded...
Source: PaxForex Premium Analytics Portal, Technical Insight Facebook reported Wednesday that Apple's new iOS 14 operating system could halve advertising revenue for Audience Network users. Using Audience Network Facebook, developers of mobile applications can place viewer-centric ads based on Facebook data. IOS 14 makes it difficult for developers to target ads to specific users and track the effectiveness of ads on different devices. Apple, H4 Pivot: 503.43 Analysis: Provided that the asset is traded above 497....
Source: PaxForex Premium Analytics Portal, Technical Insight BlueScope can close its operations in New Zealand. According to Argus Media, the Australian company BlueScope Steel may cease its steel production in New Zealand, but hopes that the focus on local supply chains will support its steel business in Australia and the United States. NZD/USD, 30 min Pivot: 0.6625 Analysis: Provided that the currency pair is traded above 0.6603 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices fell on Tuesday due to a growing appetite for risk amid hopes for a coronavirus vaccine and optimism about a U.S.-China trade deal. GOLD/USD, 30 min Pivot: 1926.46 Analysis: Provided that the price is below 1937.00 please follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1926.46 Take Profit 1: 1911.00 Take Profit 2: 1900.00 Alternative scenario: In case of breakout of the level 1937.00 follow...
Source: PaxForex Premium Analytics Portal, Technical Insight The head of the Swiss pharmaceutical giant Novartis, Vasant "Vas" Narasimhan refuted earlier predictions that the drug to combat coronavirus is on the horizon. He says that it would be much more realistic to assume that the pandemic will remain with us next year. Vasant Narasimhan said that the Covid-19 virus is causing more problems than expected, spreading a series of micro pandemics affecting different countries. USD/CHF, 30 min Pivot: 0.9082...
