Source: PaxForex Premium Analytics Portal, Technical Insight Microsoft is preparing a new Windows 10. The new version of the Windows platform, which should be called 10X, may no longer support standard Win32 applications, to which most users are used. It is assumed that Microsoft has decided to implement streaming Win32 applications from the cloud using VAIL technology. However, on low-cost models, this technology may not be supported, as its use slows down the system, according to the sources. Microsoft, H4 Pivot: 208.57...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair rose on Monday and remains bullish today amid increasing demand for risk assets. Earlier New Zealand released credit card lending data for June, reflecting a 9.2% YoY contraction against -24.7% forecast. The dollar is also under pressure from optimism about the coronavirus vaccine and news about the creation of the EU economic recovery fund. NZD/USD, 30 min Pivot: 0.6645 Analysis: Provided that the currency pair is traded above 0.6620 follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices are rising and could show a week-long rise for the sixth time in a row as a surge in coronavirus cases feeds the demand for safe assets. The tension between the US and China also encourages people to invest more in gold than in stocks. GOLD/USD, 30 min Pivot: 1818.20 Analysis: Provided that the price is above 1811.50, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1818.20 Take Profit 1: 1820.50...
Source: PaxForex Premium Analytics Portal, Technical Insight As it was stated by the Chief Economist of the Bank of England A. Haldane: Economic activity in the country has been recovering for 3 months. The economy hit rock bottom around mid-April. For the time being, he still believes that the form of recovery is V-shaped. The economy is probably growing at an average rate of 1% per week. The economy's already won back about half the drawdown. GBP/USD, 30 min Pivot: 1.2658 Analysis: Provided...
Source: PaxForex Premium Analytics Portal, Technical Insight The European Court of Justice overturned the decision of the European Commission in 2016 to recover a record €13 billion fine from Apple for violating European tax rules and state subsidies. Apple, H4 Pivot: 385.00 Analysis: Provided that the asset is traded above 382.90, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 385.00 Take Profit 1: 387.62 Take Profit 2: 391.22 Alternative scenario:...
