Analytics

News, Trends, & Analytics 07.07.2020

New wave of COVID-19

Today, the focus is on the interrogation of the Iranian president, the implementation of the national security law has begun in Hong Kong, and the second wave of COVID-19.

 

News

Iranian lawmakers may call on President Rouhani for interrogation – the media is talking about possible impeachment. Affects Brent


The Hong Kong court refused to release on bail the first person accused of violating the national security law. Affects Hang Seng


Due to the outbreak of COVID-19, strict quarantine measures have been introduced in several regions of Spain. Affects EUR


Boeing announced the cessation of production of the famous model 747-8, which has been operating for 50 years. Affects Boeing


The deal between Johnson & Johnson and Emergent BioSolutions Inc revalued from $135 million to $480 million. Affects Johnson & Johnson

 

Calendar

14:00 GMT

The number of open job openings in the US job market from JOLTS will be published. The value of 4.850 million is forecasted. If the real data is lower, USD may decline.

 

Technical Analysis

EUR/USD

The fact that the world will be shocked by the second wave of the COVID-19 pandemic is becoming a reality. However, after weakening quarantine measures, we see new outbreaks of disease. In Australia, the border between two states was closed, and in Spain, about 70 thousand citizens were put in strict quarantine.

Despite troubling news, the euro continues to strengthen. The base of the triple bottom figure has already been broken. The probable goal of the upward movement is 1.13500. It is worth noting that even fresh impulse growth did not force the RSI indicator to enter the overbought zone. The road up is open.

Gold

Please note that last week’s candlestick resembles the Doji pattern, which often indicates the completion of the current trend. For this reason, a bearish trend may begin.

CAD/JPY

The asset turned around from the resistance level of 79.60. A likely scenario is a decline in quotes to the nearest support line of 78.20.

 

CAD/JPY on this day in history

  • Since 2000, July 7th has been a trading day 13 times.
  • On 46% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.38%.
  • The downward trend was limited to 1.09%.
Related posts
Analytics

News, Trends, & Analytics 05.07.2019

There was another diplomatic skirmish between the departments of Great Britain and China Beijing is demanding London keep its hands off Hong Kong and show...
Analytics

Weekly News 20.05–24.05.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade It included both the news of the economic calendar and the world events that in one way or...
Analytics

DASKA Hit the Ruble?

The ""Defending American Security from Kremlin Aggression Act," will be discussed in the US Senate on December 11 Traders are getting...
© 2014 - 2020 Olymp Trade. All Rights Reserved.