Source: PaxForex Premium Analytics Portal, Technical Insight Against the background of strengthening antitrust control by the U.S. regulatory authorities, Apple has announced the renewal of its ecosystem App Store. While the company usually shares some of the indicators of the App Store during its main report WWDC, today it details the results of a new study, which states that the ecosystem of the App Store contributed to the profit of 519 billion dollars in 2019. It is a new and broader measure than previously reported because it...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Chief Economist of the ECB F. Lane, the Central Bank is ready to use all options to revive the economy after coronavirus shock. The ECB will do everything not to make the current situation worse with the credit crisis. Answering the question about the possibility of a reduction in rates: the PEPP asset purchase program has proven to be extremely effective in the current climate of uncertainty. EUR/USD, 30 min Pivot: 1.1334 Analysis: Provided that the...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CHF is traded below the lower boundary of Ichimoku Kinko Hyo Cloud. This indicates a sideways trend for this currency pair. The lower boundary of the Ichimoku Kinko Hyo Cloud near 0.9575 is expected to be tested this week. Therefore, an attempt to rebound and further fall of the pair with a potential target near the level of 0.9255 should be expected. USD/CHF, 30 min Pivot: 0.9510 Analysis: Provided that the currency pair is traded above 0.9490, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Japan's stock market declined after the close of trading on Friday due to a drop in stocks in sectors such as paper and pulp production, rail transportation, and real estate. At the close of the stock exchange in Tokyo, the Nikkei 225 index fell by 0.74%. USD/JPY, 30 min Pivot: 107.03 Analysis: Provided that the currency pair is traded below 107.55, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 107.03...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold prices are supported by fears that COVID-19 will revive in the USA. On Thursday it became known that the number of people infected with coronavirus in the United States exceeded 2 million. Investors were also soberingly affected by the Fed's statements. The FOMC said it does not expect the base rate to increase by the end of 2022. Fed also published new economic forecasts, according to which the U.S. GDP will decline by 6.5% this year, while unemployment will...
