Catalonia separatist leaders were sentenced, Poland’s national party has won, & The China-US trade negotiations continue to throw investors.
Spain’s Supreme Court on Monday sentenced nine separatist leaders from Catalonia to between nine and 13 years in prison for sedition over their role in a failed independence bid, triggering protests across the region. Affects EUR
Ecuador’s President Lenin Moreno agreed to swap a law that ended decades-old fuel subsidies for new legislation that will direct more resources to the needy, part of a deal he struck on Sunday with protest leaders to end a spate of violence that has roiled the Andean nation. Affects Brent
Germany does not see a legal justification for Turkey’s operation against Kurds in North Syria, a spokesman for the foreign ministry said on Monday. Affects TRY
Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week. Affects Brent
Poland’s nationalist Law and Justice (PiS) party secured a second term in power in Sunday’s parliamentary election, partial results showed on Monday, but fell short of the landslide victory it needs to overhaul the constitution. Affects EUR
The German ZEW Economic Sentiment for October will be released. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. Affects EUR.
Despite Donald Trump’s positive statements regarding trade relations with China, the market continues to have doubts. The fact is that signing a written agreement has been postponed.
Meanwhile, oil quotes are actively declining. Traders will likely try to bring the price to $56 per barrel.
The Turkish lira is likely to decline against the backdrop of negative news. Also, the growth of the pair is affected by the chart’s exit from the range of the “triangle” figure on a large timeframe.
The Fibonacci fan signals a possible return to the asset’s uptrend.
GBP/USD this day in history
- Since 2000, October 15th has been a trading day 13 times.
- On 53% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.88%
- The trend down was limited to 1.33%.