Analytics

News, Trends, & Analytics 17.04.2020

State of emergency in japan

Today, the focus is on the slowdown in gold mining, statements by the head of the ECB, and the introduction of a state of emergency in Japan.

 

News

Large mining company Barrick Gold expects a decline in gold production. Affects Gold


A state of emergency has been introduced throughout Japan. Affects Nikkei 225


Poor countries will not be able to pay loans until the end of the year. Affects S&P 500


The head of the ECB, Christine Lagarde, reported the uncertain consequences of the flare-up financial crisis in Cyprus. Affects EUR


Minneapolis Federal Reserve Bank President Neel Kashkari, in a note to the Financial Times, urged commercial banks to refuse to pay dividends and attract 200 billion from private investors. Affects S&P500

 

Calendar

09:00 GMT

The EU consumer price index will be published. If real, the data will exceed the forecast value of growth by 0.7%, EUR may respond with growth.

 

Technical Analysis

Nikkei 225

Japanese authorities are responding to the spread of the epidemic – as the number of cases of COVID-19 increases. Initially, the state of emergency was declared in only seven prefectures. Now, this measure has spread throughout the country. As previously reported, Prime Minister Shinzo Abe announced the allocation of about $1 trillion toward economic recovery. At the same time, the head of government expects GDP growth of almost 4%.

The stock index’s chart is in a great place for sales. Quotes returned to the previously broken support level of 19400. Looking at the current values, the downward trend could resume.

NTA 17.04 - EN_0

Brent

There is still very little positive information in the oil market. Technical analysis suggests a probable fall in quotes to the level of 26.00.

NTA 17.04 - EN_0

CAD/JPY

The pair feels stability near the upward support level. It is possible to strengthen quotes to 78.00 in the near future.

NTA 17.04 - EN_0

 

CAD/JPY on this day in history

  • Since 2000, Apr 17th has been a trading day 15 times.
  • On 40% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 0.95%.
  • The downward trend was limited to 0.52%.
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