Stay connected

Analytics

News, Trends, & Analytics 13.06.2019

Google is making moves to avoid trade war tariffs

Google is working to avoid tariffs, President Trump plans to talk trade with President Xi at the G20, & U.S. crude inventories shake up prices.

 

News

President Trump says he wants to wait to meet with President Xi at the June 28-29 G20 Summit before deciding whether or not to enact the threatened tariffs. Affects the S&P 500


Google is moving more hardware production out of China to avoid tariffs. Affects Google


The U.S. core inflation has cooled opening the way the Fed to lower the rate. Affects the USD


Crude inventories in the U.S. came in higher than expected, counteracting OPEC+’s reduced production. Affects Brent


American Airlines’ CEO says the Boeing 737 MAX is “highly likely” be flying again in August. Affects Boeing

 

Calendar

01:30 GMT

The Australian Employment Change for May will be released, with a predicted 16.0K newly employed. This could impact the AUD.


07:30 GMT

The Swedish National Bank Interest Rate Decision will be released. It is expected to remain at -0.75%. Likely to influence the CHF.

 

Technical Analytics

Brent

After the release of crude inventories in the U.S., the price of oil continued trending down.

The 1D TF shows a Three Black Crows pattern, indicating a strong downtrend.

EUR/CHF

This pair’s 1H TF has shown a Three Black Crows pattern after testing its resistance level, it may test that level again.

Natural Gas

Its 4H TF has shown a Bearish Engulfing signal indicating it will likely continue its downward trend.

Related posts

© 2014 - 2019 Olymp Trade. All Rights Reserved.