Ukraine’s Zelenskiy is backing Trump’s story, North Korea is displeased with the U.N. Security Council, & Finance Ministers across the eurozone agree to spend.
News
Ukraine’s President Volodymyr Zelenskiy said on Thursday that U.S. President Donald Trump did not seek to blackmail him during a phone call in July or a meeting in September. Affects USD
North Korea said on Thursday its patience has limits and it could reverse steps to build trust with the United States, as it criticized a U.N. Security Council call for it to cease its weapons programs and denounced a U.S. missile test. Affects Gold
Hong Kong’s embattled government, which has enacted colonial-era emergency powers, said on Thursday it would not take any further measures to counter violent protests and rejected rumors that mainland Chinese security forces were involved in the city. Affects the Hang Seng index
Eurozone finance ministers have agreed to spend more “where possible” to counter the single currency area’s economic slowdown and rising downside risks to the economic outlook, their chairman Mario Centeno said on Thursday. Affects EUR
Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar said they saw a pathway to a possible Brexit deal after a last-ditch meeting aimed at paving a way for the United Kingdom to leave the European Union in an orderly way. Affects GBP
Calendar
12:30 GMT
Canadian Employment Change for September will be published. Employment Change measures the change in the number of people employed. Affects CAD.
Technical analysis
EUR/USD
The results of the meeting of the EU finance ministers supported the euro. The officials agreed to stimulate the economy with additional spending “where possible.”
The chart of the currency pair broke through the declining resistance level, which indicated a trend break.
USD/NOK
The bearish divergence worked, identified using the RSI indicator on the daily timeframe of the chart.
AUD/USD
The asset will be prone to growth, as quotes broke through the upper border of the “flag” figure.
AUD/USD this day in history
- Since 2000 October 11th has been a trading day 14 times.
- On 43% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.31%
- The trend down was limited to 0.89%.