Hello! Today we want to share with you trading results according to our daily signals for April 2020. The month was quite profitable both on the currency market and the stock market. The performance on the stock market can't help but encourage, as it's quite easy to predict the movements within the correction on the basis of any positive signals in the companies' reports and positive signals of slowing spread of COVID-19 and lethal outcomes. Results for the currency market are also profitable and do not lag...
Gold is being traded at the level of 1705 and continues to move within the framework of correction and formation of the "Triangle" model. XAU/USD quotes are moving inside the boundary of Ichimoku Kinko Hyo Cloud. It indicates the presence of a sideways trend in Gold. Within the Gold price forecast for May 5, 2020. An attempt to drop the prices of the precious metal and a test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1698 are expected. GOLD/USD, 30 min Pivot: 1698.35
S&P Global Ratings in its latest report confirmed the AA rating for New Zealand and maintained a positive outlook, citing strong fundamentals. The fiscal position should strengthen after the coronavirus pandemics are contained. Experts estimate that New Zealand's economy will shrink by 2.4% in 2020, then will grow by 1.7% in 2021 and by 4.4% in 2022. It is believed that New Zealand's economy is in recession, and the fiscal position of the government is significantly weakening. NZD/USD, 30 min Pivot: 0.6061
This week is expected to be negative for shareholders of American Express Company (NYSE: AXP), analysts make a significant negative revision in their forecasts for this year. Both earnings and EPS were sharply reduced as analysts took into account the latest business forecasts, concluding that they were previously too optimistic. Over the last 7 days, EPS rose 6.2% to $88.32 per share. American Express, H4 Pivot: 88.01
The ECB's announcement of PELTRO (Long Term Refinancing Operations to Help in the Pandemic) gave hope, but hardly caused the rally. The Euro rose on the back of the dollar falling at the end of the month and managed to hold most of its positions. As for the ECB, its new lending schemes should help the most affected European economies, but players were more likely to hear that the bank is expanding its bond buying program. Head of the ECB Lagarde reiterated that the situation is very serious and added that production may...
