PM Boris Johnson has made an exit offer, Google’s being investigated for their involvement with iPhones, & The Trump impeachment investigation ramps up.
Prime Minister Boris Johnson said that unless the bloc compromised, Britain would leave without a deal at the end of this month and made a final Brexit offer to the European Union on Wednesday. Affects GBP
Deutsche Bank said it sees a 50% chance that Britain will leave the European Union without a deal by the end of the year following a general election, but there is a 20% chance of a “surprise” agreement later this month. Affects GBP
As the impeachment inquiry into President Donald Trump gains steam two former officials who were engaged in the Trump administration’s dealings with Ukraine will meet with U.S. congressional committees starting this week. Affects USD
Overturning a ruling in 2018 that in effect blocked any route to legal redress, London’s Court of Appeal gave the go-ahead for action against Google over claims it collected data from more than 4 million iPhone users. Affects Google
U.S. private employers hired fewer workers than expected in September and payroll gains in the prior month were revised lower, pointing to a slowdown in the labor market. Affects USD
The British Services PMI for September will be published. The Composite PMI Index measures the activity level of purchasing managers in both sectors. Affects GBP.
The U.S. ISM Non-Manufacturing PMI for September will be released. The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. Affects USD.
Political tensions in the United States may affect the dynamics of the U.S. Dollar. The impeachment procedure that began after the conversation between Trump and the President of Ukraine Zelensky turned into another witch hunt. Will Trump manage to fight back this time?
The asset received a bearish impulse from a downward resistance level. The downward trend may continue until the end of the week.
The sharp decline of the asset stopped at one of the Fibonacci levels. A rebound may be limited to 107.900
The stock’s price chart broke through the bottom of the double bottom pattern. The decline may continue.
Boeing on this day in history
- Since 2000 October 3d has been a trading day 15 times.
- On 53% of those days, the asset ended with growth.
- The maximum reinforcement range was 6.83%
- The trend down was limited to 3.73%.