Analytics

News, Trends, Analytics 19.11.2019

Protests in Hong Kong

Today markets will focus on the Bundesbank’s positive forecast, statements of the DPRK, as well as protests in Hong Kong.

 

News

Fierce protests continue in Hong Kong. Affects Hang Seng


Bundesbank said Germany’s economy will avoid a recession. Affects EUR


Russia handed over to Ukraine the military vessels seized in the Kerch Strait in the run-up to the ‘Normandy format’ summit. Affects RUB


North Korea is no longer involved in denuclearization-related negotiations with the U.S. because it is meaningless. Affects Gold


Increasing fuel prices led to protests in Iran. Affects Brent

 

Calendar

13:30 GMT

The US releases October data on building permits. Analysts expect a result of 1.385 mln. A smaller reading will affect the USD negatively.

 

Technical analysis

Hang Seng

A group of protesters has been blocked on a Hong Kong university student campus since the weekend. Police are reported to act violently. The U.S. calls on the government to refrain from suppressing the protesters by force, and the High Court of Hong Kong has put in place an anti-mask law.

Meanwhile, the stock index began to grow after touching the support level. We do not rule out that investors expect the problem in the city to be soon resolved. Technical analysis implies the potential of growing to 28000.

https://lh3.googleusercontent.com/kSLfgCBMWxbF6qD7lY14suOw02WHmWgDS8lblwJdDflSZK-QomLdwYTaCuf5mGivgZ5R_svXVC6aUYtZWNNOiL89nu5SP4Sqm1wsvPxxr_01uMpbHQBoZ9roAWO3VLrPlIlxRz4R

USD/NOK

The asset has confirmed the stability of the support level at 9.08. We expect an uptrend to begin.

https://lh3.googleusercontent.com/dDRC6R_-PZWjPaIX5AhjoWsjiALGGjEHV5m5DDbqeeiQBGhlXFYw8E0Qp5ZewwZvKoypaQuAQ_6IPgcQKjqNNsD8O0PVT1KalNNJQCji9hwuarbdiXRQ-9efGDQ1HmJznvtWmPyr

Brent

Perhaps, the Triple Bottom pattern combined with the news from Iran will help the oil quotes to strengthen.

https://lh6.googleusercontent.com/fv5pBoBDoSl18rjYVDbY1FBdPRSCKd_hibzkChL7bcoonR3xBYt1OJOuiCn4q_RIGiuzxgNZFHNrBzYTQli8EFxnDbwbFFX2PTYTXT-wY5w6T_z4gQgEtadoWwUlZfO3fjwuHZPw

 

USD/NOK on this day in history

  • Since 2000, November 19 has been a trading day 13 times.
  • On 53% of those days, the asset ended with growth.
  • The maximum reinforcement range was 1.22%.
  • The trend down was limited to 0.85%.
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