News, Trends, & Analytics 22.09.2020

Today, the focus is on the fall in oil prices, Tesla records, as well as the possible tightening of quarantine measures in the UK.

 

Calendar

14:00 UTC

A report on US secondary home sales will be released. Growth of 6 million is forecasted. If real data turn out to be lower, USD may decline.

Assets for trading: USD /JPY, USD/CAD


14:30 UTC

The head of the US Federal Reserve Jerome Powell will deliver a speech. The event can cause an increase in volatility in the currency and stock markets.

Assets for trading: S&P 500, USD/CHF, Gold.

 

News

Former FDA Commissioner Scott Gottlieb expects another cycle of COVID-19 spread. Affects USD


The UK government is considering introducing tough quarantine measures. Affects GBP


JP Morgan is suspected of transferring illegal funds. Affects JP Morgan


The fall in oil prices is facilitated by the recovery of exports from Libya. Affects Brent


Elon Musk announced record deliveries of Tesla cars in the third quarter. Affects Tesla

 

Technical Analysis

FTSE 100

The British government is preparing to impose tough quarantine measures against COVID-19 as the rate of increase in the number of cases continues to rise. The critical point was announced yesterday by the chief physician of the government, Chris Whitty. Against this background, traders began to actively sell off UK securities.

FTSE 100 lost more than 3% yesterday, however, based on Fibonacci levels, we can conclude that the collapse will continue to 5670.

ETH/BTC

The cryptocurrency pair has reached a strong support level of 0, which may trigger an increase in demand for ETH.

GBP/JPY

The British pound lost more than 1% against the yen yesterday as the chart finally broke the lower boundary of the rising channel. Against the background of the prevailing situation, there is a high probability that the downtrend will continue.

 

GBP/JPY on this day in history

  • Since 2000, September 22nd has been a trading day 13 times.
  • On 38% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 2%.
  • The downward trend was limited to 1%.

Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.

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