Daily Trading Analysis 12.01.2021

Technical & Fundamental analysis

Trading Analysis of GBP/USD  Bank of England, Tenreyro: we are still discussing the appropriateness of negative rates: Additional stimulus may be needed; In that case, it will be important to have negative rates in the toolkit; There is no clear evidence that negative rates will reduce bank profitability; All other things being equal, loose monetary policy can help the economy recover faster; Experiences in other countries point to the effectiveness of negative rates;  A new wave of disease could lead to significant job losses;  If vaccination in Britain goes quickly, slower vaccination of trading partners could adversely affect the economy; QE does more to prevent a downturn than to stimulate growth. Our Analysis: Provided that the currency pair is traded above 1.3490, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.3542 Take Profit 1: 1.3570 Take Profit 2: 1.3600 Alternative scenario: In case of breakdown of the level 1.3490, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.3490 Take Profit 1: 1.3450 Take Profit 2: 1.3425 Learn More Trading Analysis of Dow Jones 30 Index U.S. stock indices moderately declined Monday, retreating from the record highs reached late last week. Investors are weighing the risks associated with the continued rise in COVID-19 infections and are watching the aftermath of last week's protest outside the U.S. Congress building. The Dow Jones Industrial Average index was down 89.28 points (0.29%) at 31008.69 in yesterday's trading. Our Analysis: Provided that the index is traded below 31185.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 31008.00 Take Profit 1: 30720.00 Take Profit 2: 30500.00 Alternative scenario: In case of breakout of the level 31185.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 31185.00 Take Profit 1: 31420.00 Take Profit 2: 31690.00 Learn More Fundamental Trading Analysis of Johnson & Johnson The past month has been crucial in the development of the Covid-19 vaccine. Pfizer received emergency vaccine approval on Dec. 11 for their BNT162b2 serum. Shortly after, Moderna received ECA approval for its mRNA-1273 vaccine on Dec. 18. Currently, thousands of health care workers are already getting doses of those vaccines. Our Analysis: While the price is above 156.70, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.04 Take Profit 1: 166.10 Take Profit 2: 168.50 Alternative scenario: If the level 156.70 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 156.70 Take Profit 1: 152.50 Take Profit 2: 150.00 Learn More ‌ ‌ ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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