Facebook’s cryptocurrency is being scrutinized, Turkey has made moves ahead of their G20 meeting with the U.S., & PM front runner Boris Johnson plans to leave the EU on Halloween.
An executive order signed by President Trump implemented sanctions on Iranian Supreme Leader Ayatollah Ali Khamenei and other senior figures, which Iran claims go too far. Affects Gold
Boris Johnson the front runner for U.K. PM has pledged to leave the EU on Oct. 31st with or without a deal, while also announcing that if the bloc refuses to make a new deal it would be akin to Napoleonic-era blockade. Affects GBP
Facebook’s fledgling cryptocurrency faced rising scrutiny on Tuesday, European central bankers and regulators demanded more detail on the social media giant’s Libra project adding it would not authorize the currency without it. Affects Bitcoin
Concerns over waning demand have been overtaken by concerns of too decreased output. Affects Brent
Turkey has released a U.S. Consulate employee being tried on terrorism charges, days before a planned meeting between the two countries’ leaders. Affects the TRY
The Bank of England Gov Carney Speaks. This speech will shine some light on the central banks plan going forward. His speech could affect the GBP.
The U.S. Core Durable Goods Orders will be released. Looking at the sales of durable goods that were ordered as a gauge of the economy. It could affect the USD.
The U.S.’s highly anticipated Crude Oil Inventories will be published. With the turmoil around the supply of oil internationally this will be watched closely. It is likely to affect Brent.
The ever-worsening geo-political environment around Iran boosts oil prices.
The chart shows a Double Bottom signal and the retest of the broken resistance level indicate a likely continuation of the uptrend.
This asset may reverse because its chart is testing its support level at 0.97450.
The MACD indicator has formed a divergence, meaning the price may go down.
GBP/USD on this day in history
- Since 2000, June 26th has been a trading day 14 times.
- On 71% of cases on this day the asset ended the grown.
- The maximum reinforcement range was 1.16%.
- Trends down were limited to 0.74%.