Forex Analysis by PaxForex

2021-03-11 11:38:33 EUR/USD | Euro to US Dollar Trading Analysis

Eurozone: the key indicator for long-term inflation expectations reached a 21-month high. The key indicator for long-term inflation expectations in the euro area exceeded 1.40% for the first time since May 2019. The 5-year forward inflation swap rate, closely monitored by the ECB, was 1.405% (+2 basis points). The main catalyst for Friday's rise was a rise in Treasury yields, accompanied by a speech by Fed Chief Powell, which once again lifted global yields. This is an encouraging sign for the ECB given the fact that the central bank has not been able to raise the inflation rate to the target of 2% for many years.

Read more: https://paxforex.org/forex-analysis/eurusd-trading-analysis-11-03-2021 Open / Comment

2021-03-11 11:27:52 USD/JPY Forecast Fundamental Analysis | US Dollar / Japanese Yen

The forecast for the USD/JPY turned bearish after the most recent advance shows signs of weakness. While the Tenkan-sen maintains its ascend, the Kijun-sen turned sideways. Tame US inflation data yesterday added to short-term optimism while economic clouds gather. Traders should position themselves for a correction in this currency pair into its ascending Ichimoku Kinko Hyo Cloud. The breakdown in the CCI out of extreme overbought territory added bearish pressures. Will bears force the USD/JPY 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/usdjpy-forecast-march-11th-2021 Open / Comment

2021-03-10 12:03:17 Disney | Fundamental Analysis

Shares of Walt Disney Company hit record highs once again on Monday. Two weeks ago, the media giant briefly climbed above the $200 mark, but this is the first time the stock price has closed above such an impressive mark.

Read more: https://paxforex.org/forex-fundamental-analysis/disney-10-03-2021 Open / Comment

2021-03-10 11:56:07 Trading Analysis of S&P 500 Index

U.S. stock indices closed Tuesday's trading in decline after a sharp rise the day before. In particular, shares of major technology companies fell significantly. The market was supported earlier this week by a decline in U.S. Treasuries, as well as optimism over the approval of a coronavirus vaccine made by Johnson & Johnson (NYSE: JNJ) and the prospects of a new aid package for the U.S. economy. The yield on 10-year U.S. government bonds fell below 1.45% this week after jumping to a high for the year of 1.6% a week earlier. The Standard & Poor's 500 fell 31.53 points (0.81%) to 3,870.29 points.

Read more: https://paxforex.org/forex-analysis/sp-500-index-10-03-2021 Open / Comment

2021-03-10 11:45:42 USD/CHF | US Dollar to Swiss Franc Trading Analysis

Chairman of the U.S. Senate Banking Committee Sherrod Brown urged the Federal Reserve to explore the possibility of issuing a digital dollar. The official sent a corresponding letter to agency chairman Jerome Powell.
According to Brown, the Fed should become a leader in national digital currencies (CBDC). The Senator said that if the U.S. misses this opportunity, it may be left "out of history" and lose its leading role in the financial system.

Read more: https://paxforex.org/forex-analysis/usdchf-trading-analysis-10-03-2021 Open / Comment

2021-03-10 11:35:56 NZD/USD Forecast Fundamental Analysis | New Zealand Dollar / US Dollar

The forecast for the NZD/USD turned bullish after it corrected into its ascending Ichimoku Kinko Hyo Cloud. A rise in volatility is likely after the descending Tenkan-sen moved below its flat Kijun-sen, but the CCI shows bullishness after reversing from a higher low. A move above the -100 level can trigger a price action reversal in this currency pair, with US CPI data as a potential catalyst. Will bulls gather enough strength to force the NZD/USD 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/nzdusd-forecast-march-10th-2021 Open / Comment

2021-03-09 12:03:12 Twitter | Fundamental Analysis

The Twitter stock recently hit a record high after the company introduced audacious three-year growth targets. It now intends to increase its mDAUs (monetizable daily active users) from 192 million at the end of 2020 to "at least" 315 million by the end of 2023.

Read more: https://paxforex.org/forex-fundamental-analysis/twitter-09-03-2021 Open / Comment

2021-03-09 11:58:42 GOLD/USD | Gold to US Dollar Trading Analysis

Gold futures prices increased during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for April delivery are trading at $1,687.65 per troy ounce, up 0.58% at the time of writing this commentary.

Read more: https://paxforex.org/forex-analysis/goldusd-trading-analysis-09-03-2021 Open / Comment

2021-03-09 11:52:40 AUD/USD | Australian Dollar to US Dollar Trading Analysis

Global recovery/reflation trade is helping to improve Australia's trading conditions as commodity prices continue to rise. The price of iron ore has recently risen sharply and is now approaching its highest level in nearly a decade. If the external environment is still favorable to the Aussie dollar, as we expect it to be, it will force the RBA to keep its soft policy.

Read more: https://paxforex.org/forex-analysis/audusd-trading-analysis-09-03-2021 Open / Comment

2021-03-09 11:46:07 EUR/ZAR Forecast Fundamental Analysis | Euro / South African Rand

The forecast for the EUR/ZAR turned bearish after its recent price spike took into its Ichimoku Kinko Hyo Cloud. Economic data out of the Eurozone continues to show weakness, and debt rises with inflationary pressures. While the Tenkan-sen moved above its flat Kijun-sen, the CCI is retreating from its peak. A move out of extreme overbought territory can spark a broader sell-off. Will bears force the EUR/ZAR 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/eurzar-forecast-march-9th-2021 Open / Comment