The EU is fed up with blame game antics, Turkey is set to move into Syria, & Hong Kong maintained its high S&P rating.
The European Union accused Britain of playing a “stupid blame game” over Brexit after a Downing Street source said a deal was essentially impossible because German Chancellor Angela Merkel had made unacceptable demands. Affects GBP
S&P maintained Hong Kong’s AA+ credit rating with a stable outlook despite increasingly violent anti-government protests, breaking with the other two big global credit rating agencies. Affects the Hang Seng index
Turkey said on Tuesday it was all set to launch a military push into northeast Syria after the United States began pulling back troops, opening the way for a Turkish attack on Kurdish-led forces long allied to Washington. Affects TRY
Hong Kong police arrested 77 people on Tuesday for violating an anti-mask law enacted at the weekend under sweeping emergency powers invoked by the city’s leader to try to quell often violent anti-government street protests. Affects the Hang Seng index
China’s foreign ministry said that China will continue to take firm and resolute measures to protect its sovereign security. Affects the S&P500
The U.S. JOLTs Job Openings for August will be published. A survey done by the US Bureau of Labor Statistics to help measure job vacancies. Affects USD.
U.S. Crude Oil Inventories will be released. The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. Affects Brent.
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.
Despite Hong Kong maintaining its credit rating, protracted difficult times continue to put pressure on investors.
The index broke through the lower border of the “flag” figure and is also fixed below the AGR. Everything speaks of a bearish trend.
On the chart of the currency pair the pattern “double top” has formed. This indicates a possible downtrend.
Perhaps GBP / USD will unfold from 1.22000, however, upward correction is limited by the Fibonacci beam. Resumption of the downward trend is expected from 1.22500.
USD/NOK on this day in history
- Since 2000 October 9 has been a trading day 14 times.
- On 43% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.76%
- The trend down was limited to 1.49%.