Forex Analysis by PaxForex

2021-03-18 11:51:34 AUD/USD | Australian Dollar to US Dollar Trading Analysis

Australia: February, employment +88.7 vs. forecast of +30k and pre. +29.1k: Employment is back to pre-pandemic levels; Unemployment rate 5.8% vs. forecast 6.3% and pre. 6,4%; Full-time employment +89.1k vs. pre. +59.0k; Part-time employment -0.5k vs. -29.8k; The labor force participation rate is 66.1% vs. the forecast 66.1% and pre. 66,2%; Hidden unemployment rose to 8.4% - a fly in the ointment report.

Read more: https://paxforex.org/forex-analysis/audusd-trading-analysis-18-03-2021 Open / Comment

2021-03-18 11:28:59 AUD/NZD Forecast Fundamental Analysis | Australian Dollar / New Zealand Dollar

The forecast for the AUD/NZD turned bearish after the Kijun-sen and Tenkan-sen flatlined as price action approached a strong resistance area. Uncertainty over the Australian relationship with China weighs on price action, which could pressure this currency pair into its sideways trending Ichimoku Kinko Hyo Cloud. The CCI moved back into extreme overbought territory but could record a lower high before correcting. Will bears take advantage of recent developments and force the AUD/NZD back into its next horizontal support area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/audnzd-forecast-march-17th-2021 Open / Comment

2021-03-17 12:07:01 Exxon Mobil | Fundamental Analysis

Exxon Mobil revealed plans to cut carbon dioxide emissions at its Investor Day meeting in March, while a surprise move by OPEC led to higher oil prices. Today, we will turn to the numbers and some fundamental insights to see if investors should pay attention to this company's stock now.

Read more: https://paxforex.org/forex-fundamental-analysis/exxon-mobil-17-03-2021 Open / Comment

2021-03-17 11:57:30 Trading Analysis of Dow Jones 30 Index

In Tuesday's trading session U.S. stock indices did not demonstrate the same dynamics: Dow Jones Industrial Average and S&P 500 indices fell after reaching the all-time highs the day before, while Nasdaq gained slightly. The U.S. Federal Reserve began a two-day meeting on Tuesday. Traders expect the regulator to provide interest rate and inflation forecasts, CNBC notes. Particular attention is attached to Fed Chairman Jerome Powell's press conference on Wednesday. The Dow Jones Industrial Average index was down 127.51 points (0.39%) at 32825.95.

Read more: https://paxforex.org/forex-analysis/dow-jones-30-index-17-03-2021 Open / Comment

2021-03-17 11:45:48 USD/JPY | US Dollar to Japanese Yen Trading Analysis

As the head of the Central Bank of Japan, H. Kuroda said during an ongoing speech in Parliament: Foreign exchange rates are determined by a variety of factors; In recent years, the yen, dollar, and euro have shown stability; It is due to the course of monetary policy of the Bank of Japan, the Fed, and the ECB to achieve inflation within 2%.

Read more: https://paxforex.org/forex-analysis/usdjpy-trading-analysis-17-03-2021 Open / Comment

2021-03-17 11:32:11 USD/SGD Forecast Fundamental Analysis | US Dollar / Singapore Dollar

The forecast for the USD/SGD turned bearish after the mos recent rally took lost momentum. Economic data out of the US disappointed this week. It showed that without government stimulus, there are recessive developments. The Kijun-sen flatlined, together with the Ichimoku Kinko Hyo Cloud, while the Tenkan-sen remains in an uptrend. After the CCI moved out of extreme overbought territory, it can drag price action lower with it. Can bears build on the recent developments and force the USD/SGD into its next horizontal support area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/usdsgd-forecast-march-17th-2021 Open / Comment

2021-03-16 12:12:10 Alphabet | Fundamental Analysis

2021 has just begun, but many are already wondering if now is the perfect time for Google stock to finally outperform other FANG stocks. It seems that investors enjoyed fourth-quarter earnings and the outlook for GOOGL stock for 2021 more than those of its rivals.

Read more: https://paxforex.org/forex-fundamental-analysis/alphabet-16-03-2021 Open / Comment

2021-03-16 12:04:13 Trading Analysis of S&P 500 Index

The U.S. stock indices closed Monday's trading with a moderate gain, having recovered the losses of the early session. The Dow Jones Industrial Average and the S&P 500 reached new record highs amid investors' optimism about the renewal of the U.S. economic activity. The Dow Jones Industrial Average index rose 174.82 points (0.53%) to 32953.46 points, reaching a record closing level for the fourth straight session.

Read more: https://paxforex.org/forex-analysis/sp-500-index-16-03-2021 Open / Comment

2021-03-16 11:51:22 NZD/USD | New Zealand Dollar to US Dollar Trading Analysis

Responding to concerns from the International Monetary Fund (IMF), New Zealand Finance Minister Grant Robertson said the government will address the issue of inflated house prices in the coming weeks and discussions about the 2021 budget later this year. However, Robertson refrained from mentioning possible steps to be taken to solve the problem.

Read more: https://paxforex.org/forex-analysis/nzdusd-trading-analysis-16-03-2021 Open / Comment

2021-03-16 11:40:27 SILVER/USD Forecast Fundamental Analysis | Silver Ounce / US Dollar

The forecast for silver remains bullish after this safe-haven asset recovered from a breakout below its Ichimoku Kinko Hyo Cloud and advanced into it. While the Kijun-sen entered a sideways trend, the Tenkan-sen remains in a downtrend, pointing to more choppy trading ahead with a bullish bias. The CCI already accelerated out of extreme overbought territory and has more upside potential. Will bulls use current developments and force silver into a more powerful advance into its next horizontal resistance area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/silverusd-forecast-march-16th-2021 Open / Comment