Measures to counter the spread of coronavirus (general quarantine and closure of "systemically unimportant" enterprises and facilities) put many companies, especially from small and medium-sized businesses (and these are the majority of companies in the country) in a difficult position. In order to avoid massive layoffs in this situation, a tool that has already proven itself in times of crisis is being widely used in Switzerland: the shortened working hours. USD/CHF, 30 min Pivot: 0.9670
June gold futures reached $1788.8 per ounce at Comex on April 14. According to MarketWatch estimates, this is close to the highest level since 2011. The prices are supported by concerns about the global economy, as well as quarterly results of companies. "Major corporate reports are beginning to be published, which will reflect the first impact of the COVID-19 pandemic and will serve as a sobering reminder of what difficult times in the economy are now," - quoted by MarketWatch analysts Kitco. For example, the net profit...
In New Zealand, because of the coronavirus, the salaries of government members and heads of government departments and agencies were cut by 20 percent. Prime Minister Jacinda Ardern told journalists about the government's decision April 15. According to Ardern, such salary cuts for senior government officials, including the Prime Minister, will "equalize the income of citizens affected by the pandemic" and reduce the negative impact of the situation on the economy. NZD/USD, 30 min Pivot: 0.6073
McDonald's Corporation recently provided an update on the impact of the Coronavirus Pandemic (COVID-19) on its business ahead of the first quarter 2020 results, which are expected to be released on April 30, 2020. In the two months to 29 February, comparable sales in the U.S. and international markets increased 8.1% and 8.5%, respectively. However, the figure decreased by 13.4% and 34.7% in the U.S. and international markets, respectively. Comparable total sales decreased by 22.2% in March. McDonald's, H4 Pivot: 180.00
The USD/CAD is being traded at 1.3861 and keeps moving within the correction and descending channel. The pair is being traded below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates that the US Dollar Canadian Dollar is in a bearish trend. USD/CAD, 30 min Pivot: 1.3873
