Hello! Today we want to inform you about the interim trading results according to our daily signals for the first half of the month May 2020. The first half of the month turned out to be profitable, as markets are gradually coming out of the downward trend based on panic due to quarantine measures to combat the spread of COVID-19. Now we provide a detailed report on income in financial markets: So, on the currency market, we have a profit of 298 points, which is 5.96% on top of the deposit. As for the...
Gold rose in price for the fourth consecutive session and updated to a maximum in more than three weeks amid worsening trade friction between the U.S. and China, adding to fears that the global economic recovery will be longer than previously expected. GOLD/USD, 30 min Pivot: 1763.29
"April figures do not allow us to hope for the best," said the German Ministry of Economy, commenting on the GDP decline for the 1st quarter. Published data reflected a decline of 2.2%, according to forecasts, but the figure is better than the average for European countries. The EUR/USD currency pair remains above 1.08. EUR/USD, 30 min Pivot: 1.0817
The gold trades almost unchanged, as the stability of the dollar after the comments of Jerome Powell, the head of the Federal Reserve, compensated for the fear of prolonged economic weakness due to the coronavirus outbreak. GOLD/USD, 30 min Pivot: 1730.85
The media of different countries cite the opinions of experts and politicians that the financial crisis due to COVID-19 may be worse than the crisis of 2008. The ECB recommended Eurozone banks to refrain from paying dividends for 2019 and 2020 until at least October 1, and to refrain from buying back their own shares. USD/CHF, 30 min Pivot: 0.9730
