Forex Analysis by PaxForex

2021-02-16 11:54:29 AUD/USD | Australian Dollar to US Dollar Trading Analysis

The authorities of the Australian state of Victoria announced the introduction of strict quarantine from February 13 to 18 due to an outbreak of coronavirus in the administrative center of the region - Melbourne. This was announced by the head of the state government Daniel Andrews on Friday.

Read more: https://paxforex.org/forex-analysis/audusd-trading-analysis-16-02-2021 Open / Comment

2021-02-16 11:40:29 EUR/USD Forecast Fundamental Analysis | Euro / US Dollar

The forecast for the EUR/USD is cautiously bullish, as the Eurozone and the US economies face similar issues of high debt and a struggling economy. The Eurozone prints a trade surplus, driven by Germany, while the US manages monthly trade deficits, placing the Euro in a better fiscal environment. This currency pair moved above its Tenkan-sen, which shows signs of ascending, and its Kijun-sen, bound to enter a sideways trend. Price action also entered its narrowing Ichimoku Kinko Hyo Cloud, from where a breakout is likely. The CCI is approaching extreme overbought territory with more upside potential ahead. Will bulls pressure the EUR/USD higher until it reaches 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/eurusd-forecast-february-16th-2021 Open / Comment

2021-02-15 11:48:28 Apple | Fundamental Analysis

Two years after becoming the first publicly-traded company with $1 trillion in sales, Apple became the world's first $2 trillion company in August 2020. Such expansive growth in recent years makes it clear that the company has done very well and that Apple shareholders made the right choice.

Read more: https://paxforex.org/forex-fundamental-analysis/apple-15-02-2021 Open / Comment

2021-02-15 11:39:26 Trading Analysis of S&P 500 Index

U.S. stock indices reached record highs on Friday amid investors' hopes for new measures to support the U.S. economy. The Standard & Poor's 500 rose 18.45 points (0.47%) to 3,934.83 points.

Read more: https://paxforex.org/forex-analysis/sp-500-index-15-02-2021 Open / Comment

2021-02-15 11:21:56 USD/JPY | US Dollar to Japanese Yen Trading Analysis

Japanese Prime-Minister Y. Suga said that authorities are closely monitoring the situation on the currency market. That statement came out quite unexpectedly given the relatively calm yen's intraday dynamics. As a rule, such comments are made by the authorities only when the yen is strengthening sharply. As was reported in December, Suga gave orders to the Ministry of Finance not to let the pair fall below 100.

Read more: https://paxforex.org/forex-analysis/usdjpy-trading-analysis-15-02-2021 Open / Comment