Today, the focus is on the digital tax for Google in France, the autopilot from Ford, and also — the Bank of England has kept the rate unchanged.
News
France threatens to impose a digital income tax on Google and Facebook after the US withdraws from trade negotiations with the EU. Affects Google
Ford promises to introduce an unmanned vehicle to the market in the fall of 2021. Affects Tesla
China and the United States held high-level talks, despite tensions over Hong Kong. Affects Gold
JPMorgan was the first to receive approval for the management of a futures fund in China. Affects JPMorgan
The Bank of England kept the interest rate unchanged. Affects GBP
Calendar
12:30 GMT
Canada’s core retail sales index will be published. It is expected to drop by 13.5%. If the real data is lower, CAD will receive an additional negative impulse.
17:00 GMT
Fed Chairman Jerome Powell will deliver a speech. The official’s comments can cause a significant increase in USD volatility.
Technical Analysis
EUR/GBP
Amid low interest rates, as well as the vague prospects of a trade agreement between the EU and the UK, the British currency could significantly decline against the Euro.
Technical analysis draws attention to the increase in price lows of a currency pair. In the event of a breakdown of the 0.90300 trend, we expect the activation of the upward trend.
JP Morgan Chase
The stock chart formed a “head and shoulders” pattern. Signaling a possible reduction in quotes.
GBP/CHF
Fibonacci retracements show that the next possible target for the downtrend is the 1.17000 mark.
GBP/CHF on this day in history
- Since 2000, June 19th has been a trading day 15 times.
- On 53% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.43%.
- The downward trend was limited to 0.86%.