Tag Archives: expert advisor

Swiss Economy Could Shrink 10.4% This Year On Covid-19: Govt

Switzerland’s economy could see a double-digit contraction this year due to the containment measures adopted to slow the spread of the coronavirus, or Covid-19, pandemic, the government said Wednesday. An extended lockdown in the country’s main trading partners such as Germany could lead to GDP shrinkage of as much as 10.4 percent this year, under a negative scenario, the government said. There will be an “L-shaped” recovery under this scenario due to second round effects such as bankruptcies and loan defaults, and the economy log a modest 3.4 percent growth in 2021. In March, the government agency SECO had forecast 1.5 percent contraction this year and 3.3 percent growth next year. In the worst-case scenario, the unemployment rate is seen at 4.5 percent this year and then rise sharply to 6 percent next year. In a “V-shaped” scenario, the shutdown ends by the end of May in Germany. Under this, GDP is forecast to fall 7.1 percent this year and recovery strongly by 8.3 percent next year. The government also decided to extend the lockdown by a week to April 26 and said it will start to ease the shutdown gradually before the end of the month. The material has…

Croatia Producer Prices Fall For First Time In Five Months

Croatia’s producer prices dropped for the first time in five months in March, figures from the Croatian Bureau of Statistics showed on Wednesday. The producer price index fell 2.7 percent year-on-year in March, after a 0.9 percent increase in February. prices declined for the first time in five months. Prices for domestic market decreased 1.2 percent annually in March and foreign market declined 4.5 percent. On a month-on-month basis, producer prices declined 2.7 percent in March, following 0.1 percent fall in the previous month. Prices decreased for the second straight month. The material has been provided by InstaForex Company – www.instaforex.com…

EURUSD: Aid of 500 billion euros is delayed. The competition for the darkest forecast of economic contraction continues

There is no news affecting the exchange rate of the European currency or the US dollar today. However, at the beginning of the European session, the euro fell sharply against the US dollar after postponing further negotiations of the Eurogroup on Thursday. During the speech, Eurogroup President Mario Centeno said that the negotiations will continue on Thursday, as at the end of the 16-hour conversation, EU Finance Ministers did not come to a single agreement.

Let me remind you that joint measures and efforts aimed at fighting the coronavirus and supporting the economies of the eurozone member states are now more important than ever before. It is possible that the lack of consensus on a number of issues in such difficult times may even become a turning point for the eurozone as a whole. The new Italian government has repeatedly expressed its dissatisfaction with the current laws and framework within the eurozone in the past year. Let me remind you that in March of this year, when a similar meeting failed, EU leaders instructed Finance Ministers to agree on a package of anti-crisis measures in the next two weeks, the deadline for which expires tomorrow.
We are talking about a number of measures…

Evening review for April 8th for EUR/USD. Euro needs US labor market statistics

Outlook for EUR/USD. A lot of macroeconomic data was unveiled during recent days.
1. In Europe, the epidemic has passed its peak. The epidemiological situation has improved in Italy and Spain.
2. Eurozone finance ministers failed to agree on the region-wide stimulus. The meeting is suspended until Thursday.
3. In the US, the situation is likely to stabilize by the end of the week.
Nevertheless, the market mood is still difficult to predict.
I suppose that the US employment data will be of crucial importance. The data is expected to be published on April 9th.
EUR/USD:
Buy positions can be opened from the level of 1.1040.
Sell positions can initiated from 1.0765.The material has been provided by InstaForex Company – www.instaforex.com…

Financial markets and indices #SPX, #DAX amid the coronavirus pandemic COVID-19

Dear colleagues.There is no pause in the outpour of shocking scenarios, and Donald Trump has once again managed to surprise the public. According to the calculations of White House analysts, on a light scenario, there is an estimated 150,000 deaths in the US due to the COVID-19 pandemic, while the worst-case scenario draws over 2 million number of infected cases. Despite this, the US citizens seemed to look rather pleased with this announcement.Against this backdrop, the US intelligence sees this better than blaming China for underestimating the number of victims. The underestimation on China’s part is only natural, as they were able to control the spread of the virus immediately although it might have seemed so impossible to do so. The current state of the virus outbreak in the US is none other than due to the collapse of the vaunted American health care system, which is costing the budget a tidy sum of $ 1.3 trillion. This scenario gravely affects the US economy and not in a good way.Massive injections of central banks and the Federal Reserve System led to some stabilization in financial markets, the liquidity of which improved significantly. Thus, for example, from February 25 to March 31,…

Trading plan for Gold for April 08, 2020

Technical outlook:Gold is facing strong resistance at $1,703 levels and the yellow metal is expected to stay lower. The overall structure is looking bearish until prices stay below $1,703 levels; while a break higher would test $1,750. At this point in writing Gold is seen to be trading around $1,647 levels and is expected to drop lower towards immediate support at $1,568. The recent boundary that is being worked upon is between $1,703 and $1,451 respectively. Please note that Gold has retraced up to fibonacci 88% of the earlier drop, carving a lower top around $1,675 levels. If the counter trend rally has completed, prices should reverse sharply lower towards $1,450 support and beyond. Once the counter trend line support is broken, it would confirm that a meaningful top is in place at $1,675, and that Gold could accelerate lower again. Trading point of view, Gold remains good to sell on rallies until prices stay below $1,703.Trading plan:Remain short @ 1,640/50, stop @ 1,703 target @ 1,450 and lower.Good luck!The material has been provided by InstaForex Company – www.instaforex.com…

BTC analysis for 04.08.2020 – Potential drop on BTC is coming, the main objective is set at the price of $5.813

Corona virus news:On April 5, Italy’s “blood donation day,” the Italian Red Cross constructed an advanced medical post using funds generated through a crypto fundraiser.The Italian Red Cross has raised nearly $32,000 through cryptocurrency donations in less than one month. Roughly $22,000 has been used to finance the construction of the initiative’s first advanced medical post in the town of Castel Gandolfo near Rome. The funds were spent by the initiative to purchase a pneumatic tent that will house the medical post, in addition to other materials. The tent was erected during Italy’s “blood donation day” and used as a screening station for pre-donation medical examinations.Technical analysis: BTC has been trading downwards as I expected. The price broke the Pitchfork mini upward channel and it gave us the first signal for the potential chage in the trend from bullish to bearish.Watch for selling opportunities. The area around $7.500-$7.600 looks like good zone for sell posiitons.Downward targets are set at the price of $6.595 and $5.813.MACD oscillator is showing decreasing on the upside momentum and the slow line turned to the downside, which is indication for potential change in the trend.Major resistance pivot zone is set at $7.600-$8.000Support levels are set at…

Denmark Exports Fall In February

Denmark’s exports and imports declined in February, figures from Statistics Denmark showed on Wednesday. Exports excluding ships, aircraft, fuel fell a seasonally adjusted 2.3 percent year-on-year in February, after a 4.8 percent rise in January. Imports decreased 2.0 percent annually in February, after a 3.7 percent increase in the preceding month. The seasonally adjusted trade surplus excluding ships, aircraft, fuel was DKK 10.5 billion in February. Despite increases in January, both imports and exports have fallen over the past three months, the agency said. The material has been provided by InstaForex Company – www.instaforex.com…

Japan Eco Watchers Current Conditions, Outlook Weaken Sharply

A measure of the public assessment of the Japanese economy fell for the second month in a row in March, survey data from the Cabinet Office showed on Wednesday. The current conditions index of the Economy Watchers’ Survey, which measures the current situation of the economy, decreased to 14.2 in March from 27.4 in February. Economists had forecast a reading of 22.4. The outlook index that signals future activity fell for the second straight month to 18.8 in March from 24.6 in the previous month. Economists had expected a score of 20.0. The material has been provided by InstaForex Company – www.instaforex.com…

Trader’s diary. April 04, 2020. EUR/USD. Euro expected to raise

Coronavirus update: The COVID-19 outbreak in Europe is slowing. In Italy and Spain, the number of new cases has declined sharply. The death toll has fallen to 600-700 cases per day.The infection rate in the US is still increasing by 8% per day. The total number of coronavirus cases in the US is around 400,000. There are at least 1,000 deaths per day across the country with around 700 deaths in New York.Despite economic problems in Europe, there have also been contradictions between EU countries on how to support the economy. The meeting is rescheduled for Thursday.EUR/USDThe euro holds steady.It is preferable to open sell deals at 1.0765.Buy deals are at 1.1040The material has been provided by InstaForex Company – www.instaforex.com…