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News, Trends, & Analysis 14.08.2019

U.S. inflation accelerates

Putin and Macron to meet on holiday, Gibraltar holds an Iranian tanker, & U.S. inflation has the market looking toward the fall.

 

News

U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions. Affects USD


Despite an Iranian report that it could do so on Tuesday, an official Gibraltar source said, the British territory of Gibraltar will not yet release an Iranian oil tanker seized by Royal Marines in the Mediterranean. Affects Brent


Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months. Affects Brent


Kyodo news agency reported on Tuesday, U.S. President Donald Trump has directly asked Japanese Prime Minister Shinzo Abe to buy farm products worth a ‘huge amount’, citing unidentified Japanese and U.S. government sources. Affects the S&P500


Putin travels to Macron’s holiday retreat in southern France on Aug. 19, the French leader is keen to show Moscow it is not ostracised despite being kicked out of the G7 after its annexation of Crimea from Ukraine in 2014. for bilateral talks ahead of a summit of G7 rich nations. Affects RUB

 

Calendar

08:30 GMT

The British CPI (YoY) for July will be released. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. Affects GBP.


14:30 GMT

U.S. Crude Oil Inventories will be announced. The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. Affects Brent.

 

Technical analysis

Gold

Yesterday, the US Consumer Price Index was published. The report recorded an increase in the prices, which led to an increase in demand for the U.S. currency.

A Pin-bar candlestick pattern has formed on the gold chart, which predicts a possible trend reversal.

Dow Jones

The asset’s reversed Fibonacci’s ray show potential for asset growth.

AUD/JPY

Has shown the pattern Triple bottom, which says about trend reversal.

 

AUD/JPY on this day in history

  • Since 2000 August 14th has been a trading day 14 times.
  • On 43% of those days, the asset ended with growth.
  • The maximum reinforcement range was 1.5%.
  • The trend down was limited to 1.74%.

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