Analytics

News, Trends, & Analytics 19.11.2020

737 MAX returns to service

Today, the focus is on rising inflation in the EU, Apple’s plans to cut app developer fees, and operating permits for the Boeing 737 MAX.

 

Calendar

13:30 UTC

A report on the number of initial applications for unemployment benefits in the United States will be published. The forecast is 707 thousand. If the real data turns out to be higher, the USD will receive a negative impulse.

Assets to trade: USD/CHF, EUR/USD


15:00 UTC

A report on US secondary property sales will be published. The value of 6.45 million is expected. If the real data turns out to be higher, the USD will receive a positive impulse.

Assets to trade: USD/CHF, EUR/USD

 

News

Pfizer’s COVID-19 vaccine is 95% effective. Affects the S&P 500


The market is gearing up for the return to service of the Boeing 737 MAX after being re-certified by the US Federal Aviation Administration. Affects Boeing


Apple promises to lower AppStore fees for smaller app companies. Affects Apple


Hungary and Poland vetoed a record economic stimulus package for the EU economy. Affects EUR


EU inflation rose 0.2% in October. Affects EUR

 

Technical Analysis

Boeing

After two tragic crashes of the Boeing 737 MAX, the US Federal Aviation Administration launched an investigation, during which the permission to operate this aircraft was revoked. Later it was found that the model had many manufacturing shortcomings. Yesterday, the regulator allowed the 737 MAX to resume operation. This is a long-awaited event for the company.

Against this backdrop, the manufacturer’s shares soared more than 11%. However, the trend could end at 212.75, where it would meet the Fibonacci level.

AUD/JPY

The asset may start to rise in price. This is evidenced by the bullish convergence identified using the MACD indicator.

EUR/CHF

The currency pair is trading near the strong resistance level of 1.08260. The predominance of bearish sentiment is possible.

 

EUR/CHF on this day in history

  • Since 2000, November 19th has been a trading day 13 times.
  • On 38% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 0.41%.
  • The downward trend was limited to 0.41%.
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