Today in the spotlight — Boeing asks for help, Nintendo introduced new products, as well as the ongoing negatives in the markets.
News
The Japanese company Sharp sued Tesla for patent infringement. Affects Tesla
Boeing asks the state for $60 billion to support the aerospace industry. Affects Boeing
Nintendo has announced the release of 16 new games. Affects Nintendo
Canada’s Consumer Price Index rose unexpectedly. Affects CAD
The coronavirus pandemic continues to pick up pace worldwide. Affects Brent
Calendar
12:30 GMT
An updated index of production activity from the Federal Reserve Bank of Philadelphia will be released. A forecast of 10 points. If the real data is lower, USD will decline.
Technical Analysis
Brent
Short-term growth oil returned to its downtrend. The main driver is reports of a decrease in business activity around the world, as well as difficulties in the storage of black gold.
Judging by the Fibonacci fan, stretched by the local minimum and maximum, we can still see Brent quotes in the region of $27 per barrel.
EUR/CAD
The asset gives an excellent signal to sell the asset. The graph is again trying to storm the resistance level of 1.58000, but the situation in the EU is unlikely to allow the euro to continue to grow.
Nintendo
Follow this action, because its price can increase significantly, despite the coronavirus. A buy signal will be a breakdown of the downward resistance level.
EUR/CAD on this day in history
- Since 2000, Mar. 19th has been a trading day 15 times.
- On 42% of those days, the asset finished trading with growth.
- The maximum strengthening range was 2.14%.
- The downward trend was limited to 0.71%.