Today markets will focus on the Bundesbank’s positive forecast, statements of the DPRK, as well as protests in Hong Kong.
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
The US releases October data on building permits. Analysts expect a result of 1.385 mln. A smaller reading will affect the USD negatively.
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.
The asset has confirmed the stability of the support level at 9.08. We expect an uptrend to begin.
Perhaps, the Triple Bottom pattern combined with the news from Iran will help the oil quotes to strengthen.
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%.