Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices jumped to a peak in nearly eight years on Wednesday as rising incidence of coronavirus worldwide weakened hopes for a rapid economic recovery and spurred demand for safe assets. GOLD/USD, 30 min Pivot: 1762.08 Analysis: Provided that the price is above 1754.00, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1762.08 Take Profit 1: 1768.00 Take Profit 2: 1774.00 Alternative scenario: In case...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. plans to introduce new tariffs on goods from the EU and Britain for $3.1 billion. Among the goods that are planned to impose tariffs, such as olives, beer, gin and trucks, and other goods. The news increased fears of further escalation of tensions between the parties and increased demand for the dollar. EUR/USD, 30 min Pivot: 1.1272 Analysis: Provided that the currency pair is traded below 1.1275, follow the recommendations below: Time frame: 30 min...
Source: PaxForex Premium Analytics Portal, Technical Insight After the start of receiving preliminary orders for Cybertruck armored truck, Tesla actively used to share its statistics, but then it stopped abruptly. Analysts assumed that by the time the sales start next year the volume of orders will reach the mark of 1 million, and the data given today by Wedbush Securities is quite consistent with this. The volume of orders of Tesla Cybertruck armored truck is estimated at 650 thousand. According to estimates of Wedbush Securities...
Source: PaxForex Premium Analytics Portal, Technical Insight Kudlow: The trade deal with China is still in effect. Also, the White House advisor said: China complies with the terms of the game; The following assistance package may include tax refunds; There will be no new restrictions against the coronavirus at the national level. USD/JPY, 30 min Pivot: 106.56 Analysis: Provided that the currency pair is traded above 106.35, follow the recommendations below: Time frame: 30 min Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The price of gold rose on Monday, reaching more than a month's high during the session, as rising coronavirus cases in many countries undermined confidence in a rapid recovery. According to UBS analyst Giovanni Staunovo, there are concerns about the second wave of coronavirus or aggravation of the current outbreak in the USA and Europe, which will slow down the recovery. The World Health Organization reported on Sunday a record increase in the number of cases of...
