Norway’s rates are expected to stay the same for now, The second-largest economy is ready to go digital, & Italy is planning to reduce its debt in 2020.
German Finance Minister Olaf Scholz said on Monday that Berlin could pursue more ambitious climate protection measures during a short press statement stating he would stick unreservedly to the government’s goal of a balanced budget. Affects EUR
The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades and presented a serious challenge to Beijing, therefore Hong Kong’s Airport Authority has canceled all flights not yet checked in by Monday afternoon. Affects the Hang Seng
In an interview with La Stampa newspaper, an economics spokesman said, Italy’s ruling League party would set a 2020 public deficit target at below 3% of gross domestic product. Affects EUR
China’s central bank has been working on its own cryptocurrency since 2014 and it is “almost ready” to issue, the country’s own sovereign digital currency, a senior central bank official said. Affects Bitcoin
A Reuters poll of economists showed Norway’s central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation, and currency weakness. Affects NOK
The British Claimant Count Change for July will be released. Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. Affects GBP.
The German ZEW Economic Sentiment for August will be published. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. Affects EUR.
The U.S. Core CPI (MoM) for July will be reported. The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. Affects USD.
The German economy can act as a reliable place for investment, while the US and China are in conflict over trade issues. The German finance minister has already hinted at cardinal decisions.
The asset may grow to 1.14000. The Triangle pattern has already formed, so an uptrend will start soon.
The level 0.97000 still supports quotes, therefore the asset may reverse again.
Digital “gold” doesn’t have any positive conditions for growth. The asset may decrease to the lower line of the channel.
EUR/USD on this day in history
- Since 2000 August 13th has been a trading day 13 times.
- On 53% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.03%.
- The trend down was limited to 0.6%.