Disney said it raised $11 billion from the six tranches to support its finances as the pandemic led to park closures and disruption of most operations. The proceeds of the sale are expected to be used for general corporate purposes, including the repayment of its outstanding debt and commercial paper in the amount of $55.5 billion. The offer included six bonds with maturities ranging from 6 to 40 years. Disney, H4 Pivot: 103.50
Today, the Japanese authorities will prematurely cancel the emergency situation in 39 out of 47 regions of the country. The decision is expected to be taken today by Prime Minister Shinzo Abe after consultations with the Government's counter COVID-19 headquarters. EUR/JPY, 30 min Pivot: 115.57
Tesla Inc. TSLA opens its factory in Nevada. Tesla employees at the plant east of Reno are given workdays, and those who do not want to return to work under the circumstances will be given unpaid leave, which will deprive them of their right to unemployment benefits. Nevada has allowed some businesses to reopen if they take protective measures. On Monday, Tesla opened its car plant in Fremont, California, contrary to local regulations, and the company's CEO, Elon Mask, was a clear opponent of quarantine designed to slow the...
The NZD/USD currency pair at 0.6085 and keeps moving within the correction. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates that there is a sideways trend. NZD/USD, 30 min Pivot: 0.6010
Due to reports of a potential second wave of coronavirus outbreaks in China and Japan, investors may turn to gold as a safe haven. China reported 17 new cases as of May 10, and closed the entrance to the city of Shulan, in Jilin province in the northeast of the country. The city is on the border with North Korea, and the closure has raised questions about how the isolated country is coping with the coronavirus pandemic. Meanwhile, fears of a second wave of the epidemic have emerged in South Korea as the country announced another 27...
