CommoditiesForexMarket Review

The age of misinformation

While some states in the US are reporting spikes in coronavirus, the data is not supported by the local hospitals. This is concerning as the initial data on the first wave was also widely inaccurate so how much can we believe if there are conflicts of interest as well as different stories from different entities running the countries.

We should expect to see a continuation in the wave of unemployment as HSBC releases documents to show it plans to make redundant 35,000 employees over the coming next 2 years but this is not the only institution of the company that is planning such moves. While fundamentals are telling us a story of a stronger dollar, technicals tell us another story and so we expect to see a weaker dollar over the coming days as foreign currencies push higher.


EURUSD: BUY

Our target is 1.1294

GBPUSD: BUY

Our target is 1.2702

USDCAD: SELL

Our target is 1.3316

GOLD: BUY

Our target is 1755.00

5 Comments

Leave a Reply

Back to top button