Source: PaxForex Premium Analytics Portal, Technical Insight In November, the outflow of gold from ETF (exchange-traded funds) amounted to 107.1 tons for $6.8 billion, estimated by the World Gold Council (WGC). This is the first gold outflow from the ETF in the last 12 months, also, one of the most impressive in history (an outflow of a large amount - $ 8 billion - was only in April 2013). GOLD/USD, 30 min Pivot: 1839.00 Analysis: Provided that the price is below 1850.00, follow these recommendations: Time frame: 30...
Source: PaxForex Premium Analytics Portal, Technical Insight As Reuters reports with reference to knowledgeable sources, in its forthcoming regular report the U.S. Treasury will call Switzerland a currency manipulator. As sources explain, this year the SNB conducted large-scale currency interventions aimed at curbing the strengthening of the franc. It means that Switzerland now meets all three criteria for defining a "currency manipulator. The other two criteria are a commodity trade surplus of $20+ billion and a balance of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boeing has published its annual market forecast for commercial jet aircraft. Not surprisingly, the aerospace giant has reduced its estimates of global aircraft supplies for the next 20 years - and especially for the current decade - compared to the forecast for 2019. Despite the lower long-term forecast, Boeing may still overestimate demand for aircraft between 2020 and 2029. However, the worst part of the updated forecast is that, even if the demand forecast is...
Source: PaxForex Premium Analytics Portal, Technical Insight The US stock market grew at the end of trading on Tuesday, with the S&P 500 and Nasdaq indicators updating their maximum values. Positive news about the coronavirus vaccine has overshadowed investors' concerns about a record number of hospitalizations from COVID-19 in the U.S. and protracted negotiations on new budget incentives. The U.S. Health Protection Administration (FDA) concluded that all relevant data are available for the emergency approval of the U.S....
Source: PaxForex Premium Analytics Portal, Technical Insight At Tuesday's trading, the dollar overcame the weak level as traders balanced between the increase in COVID-19 infections, the expansion of quarantine restrictions, and the likely fiscal stimulus and the spread of the vaccine AUD/USD, 30 min Pivot: 0.7446 Analysis: Provided that the currency pair is traded above 0.7415, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.7446 Take Profit 1: 0.7465 Take Profit...
