Today the focus is on the rise in property prices in the UK, the increase in oil production in Norway, as well as the Mark Zuckerberg deal.
A short-term forecast of the situation in the energy markets from the International Energy Agency will be published. The content of the document may cause an increase in the volatility of Brent trading.
Assets to trade: Brent
Norway plans to increase oil production. Affects Brent
Michel Barnier said he cannot guarantee a trade agreement between the EU and the UK. Affects GBP
Mark Zuckerberg sold nearly $200 million worth of Facebook shares in the last month. Affects Facebook
Apple promises to introduce new processors for computers in the spring of 2021. Affects Apple
In the UK, real estate continues to rise in price. Affects GBP
Facebook founder Mark Zuckerberg has been actively selling shares in his own company since mid-November. The volume of transactions exceeded $195 million. Traders are unlikely to ignore this event. We believe the sales may continue.
From the point of view of technical analysis, the most suitable place for a fall trade is the reference point near the level of 291.
Oil prices can be expected to decline after the asset’s chart has formed a Pin Bar candlestick pattern.
The most likely scenario is a decline in the quotes of the currency pair due to the lack of support levels. In addition, the deterioration of economic relations with China is putting pressure on the AUD.
AUD/CHF on this day in history
- Since 2000, December 8th has been a trading day 13 times
- On 30% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.89%.
- The downward trend was limited to 1.53%.