Daily Trading Analysis 09.02.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD ECB head Lagarde: the rise in Covid 19 infections is a significant bearish risk for the eurozone: An accommodative monetary policy is still needed;  If all goes according to plan, the EU economy could grow as early as this year;  It is essential to maintain a favorable environment in the financial sector;  A more sustained economic recovery is a prerequisite for inflation to return to pre-pandemic levels;  While inflation should continue to rise in the coming months, underlying price pressures should remain subdued;  Despite some acceleration in growth in January, inflation remains subdued;  The interplay of monetary and fiscal policy is vital. Our Analysis: Provided that the currency pair is traded above 1.2045, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2080 Take Profit 1: 1.2100 Take Profit 2: 1.2120 Alternative scenario: In case of breakdown of the level 1.2045, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2045 Take Profit 1: 1.2020 Take Profit 2: 1.2000 Learn More Trading Analysis of S&P 500 Index U.S. stock indices closed Monday's trading at record highs thanks to the growth in energy sector stocks and investors' hopes for a new package of measures to support the U.S. economy. The Standard & Poor's 500 rose 28.76 points (0.74%) to a record 3,915.59 points. Our Analysis: Provided that the index is traded above 3870.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3908.00 Take Profit 1: 3935.00 Take Profit 2: 3970.00 Alternative scenario: In case of breakdown of the level 3870.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3870.00 Take Profit 1: 3845.00 Take Profit 2: 3817.00 Learn More Fundamental Trading Analysis of Caterpillar  For several reasons, Caterpillar, a manufacturer of construction, mining, power, and transportation equipment, is perfectly poised to rebound in 2021. Many investors may be enticed to long stock because of that, but the fundamental question is whether or not to do so right now. Let's take a look at what's going to happen in 2021 and try to get a little clarity on the matter.  Our Analysis: While the price is above 186.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 198.00 Take Profit 1: 205.00 Take Profit 2: 210.00 Alternative scenario: If the level 186.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 186.00 Take Profit 1: 172.00 Take Profit 2: 156.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Customer Contact Data Notice Sent by info@paxforex.org