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News, Trends, & Analytics 18.10.2019

Boris Johnson succeeded

China is looking to bring an end to the trade war, Tesla is moving into homes, PM Johnson is one step closer to clean Brexit.

 

News

Britain clinched a last-minute Brexit deal with the EU on Thursday, after more than three years of turmoil, but Prime Minister Boris Johnson still faces a razor-close vote in parliament to get it approved. Affects GBP


On a mission to persuade him to halt an offensive against Kurdish fighters in northeast Syria U.S. Vice President Mike Pence met President Tayyip Erdogan in Turkey on Thursday, but Turkish officials said the action would continue regardless. Affects TRY


European Central Bank director Benoit Coeure said in an interview, Global financial regulators have no plan to ban Facebook’s Libra or other stablecoins, but these digital tokens backed by official currencies will have to meet the highest regulatory standards. Affects Facebook


Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring marking the product’s debut in Asia. Affects Tesla


The Commerce Ministry said on Thursday, China hopes to reach a phased agreement in the protracted trade dispute with the United States and cancel tariffs as soon as possible, adding that trade wars had no winners. Affects the S&P500

 

Calendar

An OPEC Meeting will take place. OPEC meetings are attended by representatives from 13 oil-rich nations. Affects Brent.

 

Technical analysis

FTSE 100

The news about the Brexit agreement had a positive effect on the European stock exchanges. However, it can still change if the British Parliament rejects the draft agreement.

Nevertheless, quotes may continue to grow to 7280, where the Fibonacci level is passing.

Litecoin

This crypto’s price is approaching its resistance level, and will likely reverse downward rather than break through the line.

EUR/NZD

The graph turned around from the resistance level. Downward correction may continue to 1.74000.

 

EUR/NZD this day in history

  • Since 2000, October 18 has been a trading day 14 times.
  • On 50% of those days, the asset ended with growth.
  • The maximum reinforcement range was 0.54%
  • The trend down was limited to 1.68%.

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