Today the focus is on the reduction of unemployment in EU countries, the decision by the Bank of England on the interest rate, as well as the antitrust case against Google.
Calendar
13:30 UTC
Canada’s Core Retail Sales Index for October will be released. The indicator is expected to grow by 0.2%. Exceeding the forecasted value will positively affect the CAD.
Assets to trade: EUR/CAD, USD/CAD
News
The Texas Attorney General Ken Paxton believes that Google and Facebook have entered into an agreement. Affects Google
The Bank of England is expanding its government bond purchase program and also keeps the key rate unchanged. Affects GBP
The US Treasury Department has added Switzerland to the list of countries that deliberately devalue their currencies. Affects CHF
Michelle Barnier reiterates progress in trade negotiations with the UK. Affects GBP
The unemployment rate fell in Sweden and Greece. Affects EUR
Technical Analysis
A fairly serious antitrust case will be considered in a US court. The Texas Attorney General Ken Paxton has filed a lawsuit against Google and Facebook on suspicion of conspiracy to control the price of online advertising auctions.
From the point of view of technical analysis, the company’s shares may sink to 1650 per share, after which a positive impulse from the upward support line will be received.
GBP/JPY
An inverted head and shoulders pattern has formed on the chart of the currency pair, which hints at a continuation of the uptrend.
NZD/CAD
The nearest resistance level for an active uptrend is located near 0.91500, so the upside potential has not been exhausted.
NZD/CAD on this day in history
- Since 2000, December 18th has been a trading day 14 times.
- On 71% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.88%.
- The downward trend was limited to 1.06%.