Source: PaxForex Premium Analytics Portal, Technical Insight In 2020, experts believe that Switzerland's GDP will fall by 3.8 percent, compared to 6.2 percent previously. Further fluctuations are also expected in the labor market - the average unemployment rate in 2020 is likely to be 3.2 percent, with the old forecast of 3.8 percent. USD/CHF, 30 min Pivot: 0.9151 Analysis: Provided that the currency pair is traded above 0.9125, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices fell from a three-week high on Monday amid the dollar's recovery. However, the prospect of additional stimulus measures in the United States and the uncertainty surrounding the presidential election limited the decline. GOLD/USD, 30 min Pivot: 1912.04 Analysis: Provided that the price is below 1925.00, follow these recommendations: Time frame: 30 min Recommendation: short position Entry point: 1912.04 Take Profit 1: 1900.00 Take Profit 2:...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. dollar rose at the start of European trading on Monday as negotiations on the latest stimulus measures seem to be struggling as the election approaches. AUD/USD, 30 min Pivot: 0.7184 Analysis: Provided that the currency pair is traded below 0.7200, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.7184 Take Profit 1: 0.7160 Take Profit 2: 0.7145 Alternative scenario: In case of breakout of...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market increased at the end of trading on Friday amid hopes for the adoption of new economic stimulus in the United States. Nasdaq grew by 3.8% and 4.6% over the week, the highest since early July, CNBC reports. Friday The Wall Street Journal reported that the White House is preparing a new $1.8 trillion package to stimulate growth in the U.S. economy affected by the COVID-19 pandemic. Economic Advisor to the U.S. President Larry Kudlow said in an...
Source: PaxForex Premium Analytics Portal, Technical Insight As reported last Sunday by a member of the ECB Governing Council P. Kazimir: Inflation is not at the levels we want to see it on; We will do our best to bring it back to the desired target levels; We expect the state of low inflation or even deflation to be only temporary. EUR/USD, 30 min Pivot: 1.1818 Analysis: Provided that the currency pair is traded above 1.1795, follow the recommendations below: Time frame: 30 min Recommendation: long...
