On the daily chart USD/CAD is traded above the major SMAs, which indicates the overall bullish bias of the pair. However, the pair is consolidating after the strong growth in March. Rising oil prices and falling USD stimulate the CAD. USD/CAD, 30 min Pivot: 1.4069
Over the past few months, the stock has been a great success, with share prices reaching a 52-week high of $224.20, Facebook shares are in the upside zone. This does not mean that the shares of the technology giant cannot fall as the pandemic is spreading and Facebook will report its first quarter results. But in the long run, Facebook shares are a great buying opportunity at current price levels. Facebook, H4 Pivot: 185.17
Euro/Dollar is being traded in a narrow range, demonstrating stability in the conditions of a strengthening dollar against a storm in the oil market. The single currency does not want to give up to the "King Dollar", but is it ready for growth? The dollar as the main protective currency heats hands on the collapse of oil quotes, provoked by the coronavirus pandemic. At first, the collapse started in the market of West Texas Intermediate futures, but now Brent oil has joined them, which also sank to the lowest levels since...
Bloomberg writes that the Bank of America (NYSE: BAC) has improved its 18-month gold price forecast. Bank analysts expect the price of the precious metal to reach $3000 in a year and a half. This year the average price of gold will be $ 1,695 per ounce, and next year it will rise to $2063, analysts say. The current record was slightly over $1921 and was set in September 2011. On Tuesday, the spot price of gold was on average $1678 per ounce and showed an 11% increase since the beginning of the year. GOLD/USD, 30 min Pivot: 1712...
Pound will strengthen to 80 pence against the euro, a mark that has not been reached since 2016, when Britain decided to leave the EU. Coronavirus pandemic means that the deadline for signing a trade agreement this year may be shifted, which will delay the risks for the currency. Prospects for the pound, which suffered from a sell-off since the country's decision to leave the EU and the coronavirus epidemic may change. Against the dollar, the currency reached its lowest level for 35 years last month. In recent weeks, the pound...
