Source: PaxForex Premium Analytics Portal, Technical Insight USD/JPY got under pressure at the beginning of the North American session on the back of falling yields of the treasuries. The USA today published quite good data on production orders and ISM New York activity index. A separate report showed the growth of the economic optimism index IBD/TIPP rose to 46.8 from 44. However, the lack of progress in negotiations on a new coronavirus aid package is putting pressure on the market sentiment. At the moment, the yield of 10-year...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. government recently signed an agreement with Pfizer and BioNTech to order 100 million doses of pilot vaccine. At $19.50 per dose, this is approximately $1.95 billion from vaccine sales. Pfizer, H4 Pivot: 38.30 Analysis: Provided that the asset is traded above 38.20, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 38.30 Take Profit 1: 39.00 Take Profit 2: 39.95 Alternative scenario: In...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD currency pair is trading at 1.3392 and keeps moving within the bullish correction and descending channel. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates that there is a downtrend in the USD/CAD. USD/CAD, 30 min Pivot: 1.3385 Analysis: Provided that the currency pair is traded below 1.3420 follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3385 Take...
Hello! Today we want to share with you trading results according to our daily signals for July 2020. July was a difficult month but still brought some profit, the beginning of new trends, the second wave of coronavirus left investors in perplexity. Stable and profitable, as always, remains the stock market, the result of the currency market is less, but profit is still a profit. Now we provide a detailed report on income in financial markets: So, on the currency trading we made a profit of 252 points,...
Source: PaxForex Premium Analytics Portal, Technical Insight Johnson: Further lifting of the restrictions is postponed: Back to work rules remain unchanged; Discipline must be respected; The period of wearing masks is extended; From August 8, several more regions will have a masked regime; If people do not follow the rules, we will be forced to impose additional restrictions; The kids are due back at school in September. GBP/USD, 30 min Pivot: 1.3091 Analysis: Provided that the currency...
