News, Trends, & Analytics 10.10.2019

Will there be a Brexit deal?

Turkey attacked Kurdish fighters in Syria, Recent attacks left no mark on Saudi Aramco, & Negotiations over Brexit can be fruitful but time is running out.



Turkey launched a military operation against Kurdish fighters in northeast Syria on Wednesday, with airstrikes hitting the border town of Ras al Ain. Affects TRY

Anti-Brexit campaigners claimed victory after Scotland’s highest court decided on Wednesday to wait before ruling whether to force Prime Minister Boris Johnson to seek a delay to Britain’s EU divorce date if he has not struck a deal in the next 10 days. Affects GBP

The European Union’s chief Brexit negotiator Michel Barnier said on Wednesday he believed that reaching an exit deal with Britain was “very difficult but possible”. Affects GBP

The Democratic-led U.S. House of Representatives was set on Wednesday to push forward with its impeachment investigation of President Donald Trump over his dealings with Ukraine, a day after the White House declared its refusal to cooperate with the probe. Affects USD

Attacks on Saudi oil facilities have had no impact on Saudi Aramco’s position ahead of a planned partial stock market listing, its Chief Executive Amin Nasser told an Oil & Money conference on Wednesday. Affects Brent



08:00 GMT

The British GDP (QoQ) will be published. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. Affects GBP.

08:30 GMT

British Manufacturing Production (MoM) for August will be released. Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Affect GBP.

12:30 GMT

The U.S. Core CPI (MoM) for September will be distributed. The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. Affects USD.


Technical analysis

FTSE 100

The EU’s chief negotiator Michel Barnier said a deal with Britain is still possible, despite all the difficulties. However, the market was skeptical about the data. Brussels is only trying to look accommodating. Johnson will probably still have to ask for a delay.

The index’s chart formed a Head and Shoulders pattern. This is a strong bear signal.


The asset rested at the Fibonacci level, therefore, a downtrend is likely to activate down to 107.500 and below.


Bad news from Britain puts proportional pressure on the pound.


USD/JPY on this day in history

  • Since 2000 October 10th has been a trading day 15 times.
  • On 46% of those days, the asset ended with growth.
  • The maximum reinforcement range was 1.56%
  • The trend down was limited to 0.97%.
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