Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada expects new infections after the restrictions are lifted: It is important to contain the spread of coronavirus. International cooperation in the fight against coronavirus can be used more often. We are closely monitoring the real estate market and expect different impacts in different parts of the world. Recovery will be slow. USD/CAD, 30 min Pivot: 1.3555 Analysis: Provided that the currency pair is...
Source: PaxForex Premium Analytics Portal, Technical Insight Boeing Co.'s International Space Station Program Manager, Marc Malkin, will leave the company next month and be replaced by a senior official. Malkin's resignation is the last management transition to sensor space stations. Boeing, H4 Pivot: 185.54 Analysis: Provided that the asset is traded above 185.50, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 185.54 Take Profit 1: 198.30 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight As British Prime Minister B. Johnson stated, commenting on the economic impact of the Coronavirus pandemic: The British economy has shown resilience, but difficult times lie ahead. The process of making up for economic losses will be painful and costly, but we will manage. We are entering a phase during which I hope we will be able to implement quarantine measures at the local rather than the national level. GBP/USD, 30 min Pivot: 1.2386...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices are not moving as the number of cases of coronavirus infection is growing and in anticipation of the release of unemployment data in the United States. The spot price of gold changed little, holding close to $1,726.24 per troy ounce by 12.00 GMT. GOLD/USD, 30 min Pivot: 1727.00 Analysis: Provided that the price is above 1721.50, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1727.00 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The dollar has risen, fueled by concerns about new coronavirus cases and geopolitical tensions. In China, the government is fighting a second coronavirus outbreak that was discovered at the Xinfadi market over the weekend. The government closed schools in Beijing on Wednesday and raised the second level of emergency in the city. Tensions between Beijing and Delhi are also growing: clashes between India and China on a disputed section of the border have led to the deaths...
