Today, the focus is on the pace of GDP contraction in Japan and the EU, the promise to unveil the Xbox S, and Tesla’s insider deal.
The Bank of Canada will decide on the interest rate. The regulator is expected to keep the rate at the previous level of 0%, however, the event may cause an increase in the volatility of currency pairs with CAD.
Assets for trading: USD/CAD, EUR/CAD
Japan’s quarterly GDP fell by 7% against the forecast of -8%. Affects JPY
The GDP of the European Union in the II quarter decreased by 14%. Affects EUR
Kimbal Musk is selling off Tesla shares. Affects Tesla
Another provocation took place on the border of India and China. Affects Gold
Microsoft confirms plans for compact Xbox S console. Influencing Microsoft
The company’s shares, after an incredible rally, have probably exhausted the limit of investor confidence. It is possible that the decline in quotations could be a consequence of the actions of Kimbal Musk, who sold 36 thousand Tesla shares.
The negative trend may continue to 353, where it’d pass the support level.
The main cryptocurrency has broken the upward support level. Against this background, sellers may become more active. However, the community is actively discussing the transfer of cryptocurrency deposits to exchanges. This may indicate the preparation of large investors for purchases.
The decline in quotations is due to negative expectations regarding trade negotiations between the EU and the UK. From the point of view of technical analysis, the downward movement may continue to 1.
GPB/USD on this day in history
- Since 2000, Sept 9th has been a trading day 13 times.
- On 76% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0%.
- The downward trend was limited to 1%.