Apple Inc. will start opening its retail stores in Japan this week, one of the most important markets, after several months of closure due to COVID-19. Two stores, in Fukuoka and Nagoya-Sakae, will open May 27, according to the company's retail website. The opening dates of eight other Apple stores in the country have not yet been published. In September, Apple opened its last and largest store in Tokyo's Marunouchi business district, just steps away from the historic Tokyo Railway Station and Imperial Palace. Tokyo remains...
The coronavirus pandemic could lead to a deep recession in Switzerland. Until the end of the year, the Confederation will see a sharp decline in GDP, especially in the second quarter. In 2020 - due to the pandemic - Swiss GDP may fall by 5.5%. This is the conclusion reached by experts from the Center for Economic Studies (KOF) at the ETH Zurich. For comparison, the KOF previously predicted an annual growth rate of 0.3%. The Swiss GDP will settle most of all in the second quarter. KOF analysts do not rule out a decline of...
Some theme parks are finally taking steps to open up and this can bring much-needed support to Disney's collapsed stock. On Wednesday it was reported that Walt Disney and its subsidiaries Comcast Universal Studios and SeaWorld Entertainment will start presenting their plans to open their theme parks in Orlando on Thursday. It is said that Universal will announce its plans to open on Thursday and the rest later. Disney, H4 Pivot: 119.92 Analysis: Provided that the asset is traded above 117.70, follow the recommendations...
Authorities in Australia and New Zealand plan to open up borders for tourist exchanges. Both countries are proud of their low Coronavirus infection rates and COVID-19 mortality rate. And now Canberra and Wellington are exploring the possibility of creating a tourist corridor, which is already called Trans Tasmania. As Reuters reports, it should open in August. AUD/NZD, 30 min Pivot: 1.0730 Analysis: Provided that the currency pair is traded below 1.0760, follow the recommendations below: Time frame: 30 min Recommendation...
Gold trades at 1749 and continues to move within the growth and upward channel. XAU/USD quotes are moving above the upper boundary of Ichimoku Kinko Hyo Cloud. This indicates a bullish trend in Gold. Within the Gold price forecast for May 21, 2020. An attempt at falling prices of the precious metal and a test of the signal line area of the Ichimoku Kinko Hyo indicator are expected. GOLD/USD, 30 min Pivot: 1742.00 Analysis: Provided that the price is below 1752.00, please follow these recommendations: Time frame: 30...
