Analytics

News, Trends & Analytics 05.11.2019

Mr Trump’s lawyer under the impeachment inquiry.

Today traders will focus on President Xi Jinping’s speech, Facebook shares sell-off, and Rudi Giuliani’s testimony.

 

News

Donald Trump’s lawyer will testify in the impeachment case against Trump. Affects USD


Mark Zuckerberg has been selling off Facebook shares for the whole October. Affects Facebook


China’s PMI has decreased. Affects Brent


Bank of Japan Governor said a mix of monetary easing and flexible fiscal spending would lead to the country’s development. Affects JPY


The European Union Aviation Safety Agency says Boeing 737 Max might return to service during 1Q 2020. Affects Boeing

 

Calendar

15:30 GMT

US releases its non-manufacturing PMI. A reading above the expected value of 53.5 will have positive a impact on USD.


21:45 GMT

New Zealand releases a report on employment change in 3Q 2019. A decrease will weaken the NZD.

 

Technical analysis

The impeachment inquiry negatively affects the USD. However, the hope for progress in relations with China, as well as strong data on quarterly GDP are taking over.

The asset is testing the previously broken resistance level of 97.15. The movement up is quite likely to resume.

https://lh3.googleusercontent.com/vl8W9KV3Zv83hdaOwOWn9hBGjrBRl_VNWD8m67aQHvmVxuzd9aweusk5BX3tQliI00u8IdI0vWahMr07amM8ghfzWJGLWrf31R9DwqWG9fYZ0XMwEGfJym3vdaC6mK_Ml6Y9ta_U

AUD/USD

On 1D TF, the MACD signals of a bearish divergence, which is a negative signal.

https://lh3.googleusercontent.com/PRsdVU9x7VIhCcIHas9M5MecLNxXvWJJIPC0dMK73qWU-2_NBrn0EvqmS41BCxMcFctq0Owr_n0mudNik6Jem1UOeo2p5cvp2LCbWYeSsyXMR0ERrTNQA-7TSls_VOMf0Z922IR-

USD/RUB

The Russian Ruble is actively strengthening against the backdrop of rising oil price. However, its growth prospect is technically limited to 62.60.

https://lh6.googleusercontent.com/XIjWllwGV2qmAsbabbyToaHN3kuP9tEiuA9QK9FTll43ghyfi0x18l74ESN1uVSpyZ-YfjeIztUpnAwf0blGuoCNfpP8tvb6Q2F17ImO4VmMd90nRE2IjC_PGlBCDZ4jL4gDGJVH

 

AUD/USD on this day in history

  • Since 2000, November 5 has been a trading day 15 times.
  • On 57% of those days, the asset ended with growth.
  • The maximum reinforcement range was 0.81%.
  • The trend down was limited to 2.11%.
Related posts
© 2014 - 2020 Olymp Trade. All Rights Reserved.