Analytics

News, Trends, & Analytics 22.12.2020

No progress, no holiday, no flight

Today, the focus is on criticism of Boeing’s certification, Tesla’s downgrade, and a new strain of coronavirus in the UK.

 

Calendar

13:30 UTC

Canada releases the new housing price index. The index is expected to grow by 0.9%. Lower real data will negatively affect the CAD.

Assets to trade: EUR/CAD, USD/CAD

 

News

The discovery of a new strain of coronavirus poses a threat to the stability of oil demand. Affects Brent


The US Senate Trade Committee criticized Boeing’s 737 MAX test reports. Affects Boeing


The investment research firm CFRA has downgraded Tesla shares. Affects Tesla


Lack of progress is reported in negotiations on a trade deal between the EU and the UK. Affects GBP


Elon Musk got interested in large transactions in cryptocurrency. Affects Bitcoin

 

Technical Analysis

GBP/USD

Last weekend, the media began spreading news about the discovery of a new strain of coronavirus in the UK and several other European countries. For this reason, strict quarantine measures have been introduced in London.

The event caused a strong collapse in GBP quotes, but the downtrend was stopped by the lower border of the upward channel. It is possible that the situation will stabilize.

EUR/CAD

An inverted head and shoulders pattern has been formed on the chart of the currency pair. Quotes have already updated their maximum values since the beginning of October, which indicates the prevalence of bulls.

AUD/NZD

The chart of the currency pair remains at the locally high price level after breaking the downtrend line. The trend may continue.

AUD/NZD on this day in history

  • Since 2000, December 22nd has been a trading day 13 times.
  • On 69% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 0.87%.
  • The downward trend was limited to 0.65%.
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