Analytics

News, Trends, & Analytics 15.01.2020

Today, China and the United States should sign part one of the trade agreement

News

 

Traders are waiting for the signing of the first part of the trade deal between the US and China. Affects the S&P500


The Spanish Prime Minister plans to meet with the Catalan leaders “as soon as possible.” Affects EUR


Turkey is still ready to act against the forces of Field Marshal Khalifa Haftar in Libya. Affects Brent


Investors may aim to bring Tesla’s capitalization to $100 billion. Affects Tesla


The head of Hong Kong, Carrie Lam, has promised to allocate $1.3 billion to support the region’s economy. Affects the Hang Seng

 

Calendar

13:00 GMT

The publication of an updated US producer price index is planned. Experts expect to see an increase of 0.2%. If the real data is higher, the USD will strengthen.


15:30 GMT

The report on changes in US crude oil inventories will be published. A reduction of 0.75 million barrels is expected. A score above zero can lead to a decrease in the price of Brent.

 

Technical analysis

Gold

The rise to power of Donald Trump has led to an increase in the degrees of tension in world trade. The United States began to increase duties on Chinese imports, which created the conditions for the global crisis due to a protectionist approach to trade issues. The signing of the first part of the trade deal between the US and China will show the ability to negotiate successfully.

While countries did not skimp on their mutual reproach, investors preferred to invest in gold. Now that the threats have subsided gold may undergo a sale.

If you follow the trend line, gold may become cheaper by 1500 in the near future.

GBP/USD

The currency pair may be supported by the bulls, as the chart tested its upward support level.

Bitcoin

The digital currency broke through the downtrend level yesterday. Fibonacci levels show the growth of the asset to 9300.

 

Gold on this day in history

  • Since 2000, January 15th has been a trading day 14 times.
  • On 43% of those days, the asset finished with growth.
  • The maximum reinforcement range was 2.58%.
  • Down Trends were limited to 2.57%.
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