News, Trends, & Analytics 11.09.2020

Today the focus is on the monetary policy of the ECB, the growth of claims for unemployment benefits in the US, as well as the conflict between the EU and the UK.

 

Calendar

12:30 UTC

The core US consumer price index for August will be released. The forecasted figure is 0.2%. If the real data is higher, the USD will receive support.

Assets for trading: EUR / USD, USD / CHF

 

News

The EU is considering filing a claim against the UK over Brexit violations. Affects GBP


The ECB has kept its key rate and stimulus program unchanged. Affects EUR


In the US, the number of initial jobless claims increased. Affects USD


In Greece, the unemployment rate is rising, and in France industrial production is falling. Affects EUR


The CEO of AstraZeneca said it could introduce a COVID-19 vaccine by the end of the year, despite the trial being stopped. Affects the FTSE 100

 

Technical Analysis

GBP/CHF

The UK’s domestic market bill violates the Northern Ireland protocol of the Brexit deal. For this reason, the EU and the US began to actively criticize Boris Johnson and his government. Brussels may even sue London.

Against this background, the British currency began to actively decline. Probably even the Fibonacci level passing in the 1.17550 area will not stop the downtrend.

EUR/CHF

The currency pair may once again show positive dynamics within the channel.

CHF/JPY

The franc may strengthen its position against the yen and reach the global resistance level of 117.900.

 

CHF/JPY on this day in history

  • Since 2000, Sept 11th has been a trading day 14 times.
  • On 64% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.27%.
  • The downward trend was limited to 1.41%.

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