Source: PaxForex Premium Analytics Portal, Technical Insight The impact on the Australian tourism sector in April and May reached 11.7 billion Australian dollars. The main reason for these losses is the restriction of tourist travel, closed borders between states, and mandatory self-isolation in the coronavirus pandemic. For example, in New South Wales, the number of tourists in April and May fell to 1.4 million from last year's 7 million UD/USD, 30 min Pivot: 0.7268 Analysis: Provided that the currency pair is traded...
Source: PaxForex Premium Analytics Portal, Technical Insight Wall Street saw its worst decline since June, with the Nasdaq Composite (COMP) falling 4.5 percent last week. According to CNN experts, the fall in quotes was affected by the fact that Nasdaq has been ahead of the other two major stock indices for several months - Dow (INDU) and S&P 500 (SPX). Nasdaq 100, H4 Pivot: 11060.00 Analysis: Provided that the index is traded below 11400.00, follow the recommendations below: Time frame: H4 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian real estate market was inactive at the peak of the COVID-19 pandemic. But now, due to accumulated demand, lack of supply, and historically low-interest rates, prices continue to rise. The Remax Reality survey forecasts a 4.6% increase in real estate prices in Canada this year. USD/CAD, 30 min Pivot: 1.3230 Analysis: Provided that the currency pair is traded above 1.3200 follow the recommendations below: Time frame: 30 min Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The Italian antitrust authority launched an investigation into cloud storage services managed by Apple, Dropbox, and Google in response to some complaints about unfair commercial practices. In a press release announcing the investigation, it is stated that a total of six investigations have been launched. In addition to allegations of unfair commercial practices, the regulatory body said it was investigating complaints of violations of the Italian Consumer...
Source: PaxForex Premium Analytics Portal, Technical Insight Japan's economy minister, Y. Nishimura said the national economy is showing signs of recovery: Revision to reduce capital expenditures has worsened the situation in the corporate profits segment and increased uncertainty about forecasts; Corporate spending indicators are showing signs of adaptation to a "new lifestyle"; Household income is growing, so the economy should continue recovery. These positive comments were made shortly after...
