Analytics

News, Trends, & Analytics 16.08.2019

The situation in Hong Kong is heating up

Today traders will focus on employment in Australia, the expectation for China’s response to US tariffs, as well as the escalation of the situation in Hong Kong.

 

News

Chinese military forces are conducting exercises near the Hong Kong border. Affects Hang Seng


The Hong Kong’s government announced an economic support package worth $2.4 billion. Affects Hang Seng


China plans to respond to latest US tariffs. Affects S&P500


Employment growth rate in Australia. Affects AUD


Retail sales increased by 0.2% despite negative expectations. Affects GBP

 

Calendar

12:30 GMT

The US releases building permits. Experts expect an increase of 1.27 mln. If the result exceeds the forecast, the USD will get support.

 

Technical analysis

Hang Seng

Ongoing protests in Hong Kong led to the collapse of the Hang Seng index. It dropped more than 12%. The news that the Chinese military forces are concentrating near Hong Kong has made investors nervous, but the government’s announcement to provide an economic support package worth $2.4 billion has changed the situation.

The MACD indicator confirms the local growth of Hang Seng. Besides, the quotes have found support from the trend line. https://lh3.googleusercontent.com/czKzbgMQTVK-FF1IJXWJom0VC52VvQGmTKDsF2Xbr9wynvQTJkxP2ZzFDlLRpUMdwkKWa2DwHPjYq_t1F5VhJhBM___mRSUEad5pO6IMpfbfbjz27gE5OHFP8espGB_wWVPFCqeQ

GBP/CAD

The chart broke the descending resistance line, so bulls can get active.

https://lh6.googleusercontent.com/AMs_CEaL0eVusroGTf3oK3yBueZv2rIAppTQ-J8N8CS3KpSHIF4Nopmj-r0LTlnbVfyr6F1OMENG43BjDPzuWaWeBedsoeQ8Rrk8MqYE_12d6X4JltekBYiFQNEwU9irUmhZJtSV

Bitcoin

The trend down may continue after yesterday’s rollback. In terms of technical analysis, Bitcoin can reach first 9000, then 8500.

https://lh5.googleusercontent.com/vfB1BnkhoFXRiM4uSLqOVgk98GTyQ-ZhmAboDs2XsxUBWpcZKX69hgFE8NvPch3ZHD2cOQD6g4dmlNNdglTbxtLno5jrRS--rn2FpSbv27C9Fw_XpvafDEXgeiU1rMaEQXRS4ssF

Gold on this day in history

  • Since 2000 August 16th has been a trading day 14 times.
  • On 71% of those days, the asset ended with growth.
  • The trend down was limited to 2.2%.
  • The maximum reinforcement range was 1.8%.

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