Today, the focus is on OPEC’s silence, unemployment in Hong Kong, and Apple’s supply problems.
News
OPEC has not responded to the gradual decline in oil prices. Affects Brent
Apple hinted at a drop in quarterly sales due to COVID-19. Affects Apple
In the UK, salaries rose 2.9% with a forecast of 3%. Affects GBP
The German economic sentiment index is at a three-month low. Affects EUR
Hong Kong’s unemployment rate has peaked at the highest point in the past 3 years. Affects the Hang Seng index
Calendar
09:30 GMT
The UK Consumer Price Index will be published. If the result exceeds 1.6%, GBP will receive some upward momentum.
11:00 GMT
The Turkish Central Bank will indicate the current value of the weekly repo rate. TRY positions may weaken if the indicator is below 11.25%.
13:30 GMT
There will be data on the number of issued building permits in the United States. An indicator above 1.450 million will have a positive impact on the USD.
13:30 GMT
The publication of the updated value of the base consumer price index of Canada is expected. Experts predict a value of 1.8%. Deviation up will help CAD grow.
19:00 GMT
The minutes of the last meeting of the US Federal Open Market Committee (FOMC) will be published. The event may cause an increase in USD volatility.
Technical Analysis
Nasdaq
After Apple openly made a drawdown in the pace of product sales in the current quarter due to the unstable work of Chinese component manufacturers, the high-tech Nasdaq slipped. The trend clearly says that the market is still tense.
Nevertheless, the index remained above the support level and now traders can begin making purchases.
Basic altcoin index
The index fixed above the previously broken highs of 6.70, so we recommend that you adhere to the upward direction in transactions.
Dash
Dash’s chart has lost support from the rising level. It is possible that the asset began a downtrend.
Apple on this day in history
- Since 2000, Feb. 19th has been a trading day 11 times.
- On 10% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.3%.
- The downward trend was limited to 5.26%.