Analytics

News, Trends, Analytics 20.11.2019

Protests in Iran

Today, the market’s focus will be on Dubai Airshow, RBA’s plans to cut the rate, and the end of protests in Iran.

 

News

Boeing is in the spotlight at the Dubai Airshow and plans to get contracts worth $6 billion. Affects Boeing


The Reserve Bank of Australia considered the rate reduction at the last meeting of the Monetary Policy Committee. Affects AUD


The head of the People’s Bank of China announced its plans to reduce bank lending rates. Affects AUD


Iranian officials said the protests in the country over the fuel price increase have come to an end. Affects Brent


The President of Turkey is not ready to refuse to buy missile systems from Russia. Affects RUB

 

Calendar

13:30 GMT

Canada releases its core CPI. Any result above 0,0% will affect the CAD positively.


15:30 GMT

The US releases the EIA report on crude oil reserves. Analysts expect an increase of 1,062 mln brl. If the real data are higher, Brent quotes may get under pressure.


19:00 GMT

The Fed releases the minutes of its latest meeting, which can affect the volatility of the USD.

 

Technical analysis

Brent

News on the end of protests in Iran led to a sharp decline in oil prices, as soon as against this background there is no risks of oil shortage. Nevertheless, the statements made by the Islamic Republic’s officials may turn out to be unreliable, as the Internet has been down in the country for several days, and special units of the armed forces have been put on high alert.

The asset chart signals of a breakout of a trend line. Perhaps, a bearish trend is coming.

https://lh6.googleusercontent.com/zcNwc3FtYDdtNqoUYiP5ovLtOQ7NVz4rGbuZ_E6cRfrXsIExS8BTddilvToAci5ah3EamrNEmObI0Nu6sk6igC8ZR17peHpvWObwFxR7m9umfuoqCRwmCm83XK0ezp43uaSHpgJ3

Silver

The chart has formed an inverted Tripple Bottom pattern, so the quotes are expected to grow.

https://lh3.googleusercontent.com/735ogKSzMS9csp850u3P2QH0R8nD-SrNNh0_p-SlHT71Tce_W_iaW99WlRZLFkBIYoIeQx1hAGMc5HDIhejcwzMsQSCygWQ4xDS9aUHaFFjUoZ3Qp_ZI7Nk9nYYO337bVDHT5P_J

Boeing

The price has fixed above the Fibo level, so the quotes might go up to 387.30 with an option of moving further to 410.00. News must have good impact on the asset.

https://lh4.googleusercontent.com/NMLElzo8-8NHCZ436xelGt-H4vjn7bPPv9v0FCQOZpQKhAbiJYCwns8BLauEqBKo6x3k9uUbp8LXzXWjCGEKQZjrNaJZYDMo1Fzau5Enhbmr87xVU6Q6PN6YTsaj5CiUortqkz7l

 

Silver on this day in history

  • Since 2000, November 20 has been a trading day 13 times.
  • On 53% of those days, the asset ended with growth.
  • The maximum reinforcement range was 4.03%
  • The trend down was limited to 1.85%.
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