News, Trends, & Analytics 10.05.2019

The U.S. - China trade war rages on


The trade war between China and the U.S. rages on. Though negotiations started yesterday, political posturing did not reassure investors. “If tariffs are increased at 12:01 a.m. Friday, the decline in risk assets is likely to intensify,” said Dennis DeBusschere, head of portfolio strategy at Evercore ISI. Beijing has warned it will retaliate should the U.S. hike tariffs as advertised on Friday. Volatility is likely to hit both markets.

Oil dropped slightly on news of Saudi deals with Asian countries. Countries who heavily depend on oil price to determine the value of their currency may see a drop as sanctions continue to be levied on countries purchasing oil from Iran.

VW’s electric car orders may pull Germany’s economy back up. Though deliveries do not begin until next year, this may be the welcomed push in the euro-zone that turns the tide. This could lead to a positive trend for the Euro.



Times are in GMT



Predicted: 0.0% Previous: 0.2%

GBP GDP (QoQ) (Q1)

Predicted: 0.5% Previous: 0.2%

GBP GDP (YoY) (Q1)

Predicted: 1.8% Previous: 1.4%

GBP Manufacturing Production (MoM) (Mar)

Predicted: 0.1% Previous: 0.9%

GBP Monthly GDP 3M/3M Change

Previous: 0.3%


USD Core CPI (MoM) (Apr)

Predicted: 0.2% Previous: 0.1%

CAD Employment Change (Apr)

Predicted: 10.0K Previous: -7.2K



Russell 2000

This U.S. small-cap index’s 1D TF has shown a Three Black Crows signal indicating a reversal to a downtrend.


This pair’s 1D chart has shown a Three Outside Down pattern predicting a continuation of the downtrend.

Related posts

News, Trends, & Analytics 25.07.2019

Reuters sources report that the members of the Board of Governors of the Bank of Japan still do not have a common opinion on the key rate issue. The Office will review the...

News, Trends, & Analytics 24.10.2019

The Parliament of Great Britain had not begun to consider the terms of the current Brexit deal, which indicates a desire to get an additional delay.
Official Olymp Trade Blog