Source: PaxForex Premium Analytics Portal, Technical Insight The announcement by Bank of Canada CEO Tiff MackLem that interest rates will remain low for at least another two years may trigger a wave of speculative demand in the country's hottest markets. Economists, realtors, and mortgage brokers warn about it. The Canadian government hopes that a series of stimulating measures and extremely low-interest rates will increase the growth of lending and investment in real estate. It should help offset the economic blow from the...
Source: PaxForex Premium Analytics Portal, Technical Insight Facebook was left without its biggest advertiser because of racism. Walt Disney has joined the boycott of Facebook, significantly reducing the cost of advertising on the social networks Facebook and Instagram, writes the Wall Street Journal. The boycott of the social network was also joined by Adidas, Reebok, Puma, North Face, Ford, Levi Strauss, HP, Microsoft, Coca-Cola, Diageo, Honda, Starbucks, Verizon, Unilever and many others. Facebook, H4 Pivot: 232.38...
Source: PaxForex Premium Analytics Portal, Technical Insight In Japan over the past 24 hours, 980 cases of coronavirus infection of a new type were identified, reports the agency Kyodo. It is reported that on the territory of the country for the second consecutive day recorded a record increase in the number of infected since the beginning of the pandemic. A total of 28,900 cases of SARS-CoV-2 infection were confirmed in Japan, including passengers of the Diamond Princess cruise liner quarantined at Yokohama port. USD/JPY...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold lost some of its gains on Wednesday after it peaked in almost nine years, but hopes for new stimulus measures in the coronavirus crisis continued to support demand. GOLD/USD, 30 min Pivot: 1868.82 Analysis: Provided that the price is above 1856.00, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1868.82 Take Profit 1: 1876.00 Take Profit 2: 1885.00 Alternative scenario: In case of breakdown of the...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. authorities are willing to pay almost two billion dollars for 100 million doses of COVID-19 vaccine developed by Pfizer and BioNTech SE if the vaccine is safe and effective, Pfizer said Wednesday. Since the vaccine course is likely to consist of two doses, the amount purchased will suffice for 50 million people. The cost of one vaccination course is estimated at $39. USD/CHF, 30 min Pivot: 0.9280 Analysis: Provided that the currency pair is traded below 0....
