Fed has left the interest rates unchanged and they will remain at this level for a while, which makes the precious metal cheaper. And in the future unprecedented monetary stimulus from ECB and Fed is likely to reduce demand for gold. GOLD/USD, 30 min Pivot: 1687.31
The government will meet with coronavirus experts on Friday to discuss a possible extension of the country's emergency situation. This was announced by Japanese Minister of Economy Yasutoshi Nishimura. USD/JPY, 30 min Pivot: 107.11
Tesla surprised Wall Street in its first-quarter earnings report, outperforming both top and bottom expectations and publishing its third consecutive quarterly earnings. The electric car manufacturer was expected to report a loss of 36 cents per share, but earnings per share appeared to be $1.24. Tesla, H4 Pivot: 800.51
The US dollar to Canadian dollar is trading at 1.3928 and keeps moving within the correction. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bearish trend for the currency pair. USD/CAD, 30 min Pivot: 1.3865
The USD/CHF currency pair is trading at 0.9733 and keeps moving within the growth and upward channel. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates a bullish trend for the pair Dollar Frank. The correction and lower boundary test of the Ichimoku Kinko Hyo indicator cloud are expected to develop. USD/CHF, 30 min Pivot: 0.9728
