Today, the focus is on conflicts between Turkey and Russia, OPEC forecasts, as well as a reduction in the number of patients with coronavirus in China.
The Turkish president threatens with a forceful response to any military attacks of his army. Affects TRY
China reported a slowdown in coronavirus in the country. Affects Brent
The Reserve Bank of New Zealand kept the interest rate unchanged at 1%. Affects NZD
OPEC forecasts a decline in oil demand in 2020. Affects Brent
Boeing will resume production of the 737 MAX, despite the lack of certification. Affects Boeing
The basic US Consumer Price Index for January of this year will be published. If the data exceeds 0.2%, the USD will receive a growth impulse.
The news that the rate of growth in the number of patients with coronavirus has decreased in China is certainly a positive signal for both the raw materials market and stock assets. Recall that at the moment in China, more than 40 thousand people have been diagnosed with the us diseaseinfectious disease, the death toll exceeded 1100.
On the other hand, the latest OPEC report announced the cartel’s forecasts for a decrease in black gold consumption this year. This position of oil industry workers may strike oil quotes.
A technical analysis of the situation indicates that the oil schedule is getting out of the influence of the inclined resistance level.
GBP / USD
The asset showed a classic bearish pattern based on re-testing a previously broken support level. We will probably see a drop in quotes.
After some positive momentum, the asset may return to a downtrend. This is shown by the price touching the Fibonacci level.
NZD/USD on this day in history
- Since 2000, Feb. 13th has been a trading day 15 times.
- On 73% of those days, the asset finished trading with growth.
- The maximum strengthening range was 3.07%.
- The downward trend was limited to 0.81%.