Source: PaxForex Premium Analytics Portal, Technical Insight Dallas R. Kaplan, President of Fox Business, said in an interview: According to his baseline scenario, the US GDP will decline by 4.5-5.0% in 2020; In the 3rd and 4th quarters, the US GDP is expected to grow; The economy is experiencing surplus production capacity and expects disinflation; The economy will grow faster if we all wear masks; Considers it appropriate and appropriate for the Fed to act in the current crisis. EUR/USD, 30 min...
Source: PaxForex Premium Analytics Portal, Technical Insight The coronavirus pandemic forced the Swiss watch industry to make massive staff cuts. Since early March, hundreds of Swiss employees in the industry have lost their jobs. How soon the watch industry will recover depends solely on the epidemiological situation in the country and the world. USD/CHF, 30 min Pivot: 0.9443 Analysis: Provided that the currency pair is traded above 0.9440, follow the recommendations below: Time frame: 30 min Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight ADP: employment in Canada increased by 1.04 million Canada, ADP: June, employment +1.043 million The May figure was revised from +208.4 thousand to -2.951 million. Employment growth in June was driven by the economic restart and the return of many employees to their jobs. Growth was registered in almost every sector, especially in trade and professional business services. USD/CAD, 30 min Pivot: 1.3578 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight Hello! Today we would like to share with you an interim performance report of our signals for the first half of July 2020. It turned out to be profitable both for stocks and for the currency market. The markets are slowly starting to recover after a certain consolidation phase for most assets, which can be tracked on stocks of some companies and currencies. Now we provide a detailed report on income in financial markets: So, on the...
Source: PaxForex Premium Analytics Portal, Technical Insight Australian states toughened restrictions on movement on July 14. Thus, the authorities are trying to curb a new outbreak of coronavirus infection in the southeast of the country, reports Reuters. AUD/USD, 30 min Pivot: 0.6992 Analysis: Provided that the currency pair is traded below 0.7010 follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.6992 Take Profit 1: 0.6980 Take Profit 2: 0.6960 Alternative scenario...
