Police in Hong Kong went big then went home, A British court ruled in Johnson’s favor, & Apple beat the University of Wisconsin.
Hong Kong police took to the streets on Monday night in an apparent show of force in a district that has seen some of the most violent clashes with protesters in recent months but retreated after a confrontation with angry residents. Affects the Hang Seng index
A Scottish court on Monday rejected a legal bid to force Boris Johnson to ask for a Brexit delay if he has not struck a deal with the European Union in less than two weeks’ time, saying the British Prime Minister had given assurances he would do so. Affects GBP
The U.S. Supreme Court on Monday refused to hear a bid by the University of Wisconsin’s patent licensing arm to reinstate its legal victory against Apple Inc in a fight over computer processor technology that the school claimed the company used without permission in certain iPhones and iPads. Affects Apple
Mexican gross fixed investment in July registered its sharpest annual fall in almost a decade, underlining the fragile state of business confidence under President Andrés Manuel López Obrador, official data showed on Monday. Affects MXN
Oil prices rose around $1 on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters. Affects Brent
The U.S. PPI (MoM) for September will be published. The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. Affects USD.
U.S. Fed Chair Powell Speaks. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Affects USD.
The growth rate of the British stock index was even ahead of US indices. Although the Scottish court did not implement an additional obligation for Johnson to request Brussels to delay Brexit as parliament had previously done so. Johnson still has to make incredible efforts to succeed at finding a deal.
The first technical goal of the index growth is at the level of 7230. If quotes break through it, the trend will continue until the downward resistance level.
The optimism of the euro is gradually fading. Quotes of the main currency pair have reached the resistance level.
Unlike EUR / USD, this asset may still fall to 0.99100. After that, the uptrend will resume.
USD/NOK on this day in history
- Since 2000 October 8th has been a trading day 13 times.
- On 38% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.91%
- The trend down was limited to 0.88%.