The U.S. report on changes in Non-Farm Payrolls (NFP), which comes out this Friday 08/05/2020, is in the spotlight of Forex traders as analysts predict the loss of more than 21 million jobs in the United States. This forecast was made against the background of the loss of 701 thousand jobs in March, updating the anti-record and stopping the historical growth, which continued over the past 10 years. Changes in the number of jobs on this scale will cause the most rapid and unpredictable reaction in all markets without exception, as...
GOLD/USD quotes continue moving within the framework of correction and formation of the "Triangle" model. At the moment of the forecast publication, the price of Gold is 1698 dollars per Troy ounce, as we can see, the bulls are not able to get fixed above the resistance level. Moving averages indicate that there is a short-term sideways trend. GOLD/USD, 30 min Pivot: 1690.80
The USD/JPY trades at 105.99 and keeps moving within the falling and descending channels. USD/JPY is moving below the lower boundary of Ichimoku Kinko Hyo Cloud. This indicates that the USD/JPY is in a bearish trend. Within the Forex forecast of USD/JPY for May 7, 2020 the correction and upper boundary test of Ichimoku Kinko Hyo indicator clouds near the level of 106.65 are expected to develop. USD/JPY, 30 min Pivot: 106.19
Chevron (CVX) was among the top Dow Jones leaders on Tuesday. The oil giant received support from the rise in oil prices, which rose yesterday by more than 20% in the stock market. Chevron, H4 Pivot: 92.75
The AUD/USD currency pair is traded at 0.6458. The pair is traded over Ishimoku Cloud, which suggests an upward trend. It is expected that the lower boundary of the Indicator Cloud will be tested near the level of 0.6400, then the growth to 0.6585. AUD/USD, 30 min Pivot: 0.6432
