Analytics

News, Trends, Analytics 21.11.2019

The EU countries might violate their rules

Today, the market will focus on illegal transactions of Ripple, an increase in oil production in Russia, and a violation of the EU’s fiscal rules.

 

News

Researchers found that approximately $400 million worth of Ripple cryptocurrency is tied to illegal transactions. Affects Ripple


Iran’s government once again implemented Internet shutdown amidst massive protests in the country. Affects Brent


The President of Russia stated an increase in oil production in the country. Affects Brent


The European Commission is worried about the budgets of Italy and France, expecting violations of the EU law. Affects EUR


Isabel Schnabel, Candidate for the position of ECB executive board member called for desisting from soft rates. Affects EUR

 

Calendar

12:30 GMT

The ECB releases the minutes of its monetary policy meeting. We remind you that the board of the bank decided to keep the rate at the same level. The contents of the minutes may lead to increased volatility of the EUR.


13:30 GMT

The Philadelphia Fed releases an update on manufacturing activity. Experts expect an increase from 5.6 to 7.0 points. But if the result is lower, the USD will get under pressure.


15:00 GMT

The US releases its October data on existing home sales. A reading above 5,47 will give momentum to the ETF US Real Estate.

 

Technical analysis

EUR/USD

The European Commission started talking about possible violations of the fiscal law by eight EU countries. The key players are Italy and France. However, they made no proactive statements. It is possible that the EU might consider changing its budget rules.

The EUR/USD began to decline after an unsuccessful attempt to fix above the mirror level at 1,10730. The capacity is limited to the round level of 1,10000.

https://lh6.googleusercontent.com/dGeRphLyXmMm64lJ6bq-ODLg5nK2QH87fHvwKKQSuTaKKPtS7dPk42RnzMVeXugAlubTa0UbYpYXPy96h3cJiBR2PFL0EBI6IGfjPkSfRlrfAer-pcIWx-CkIMhd7YFCN7XHeLQM

Ripple

Long wicks of daily candles of November 19 and November 18 suggest that a trend up might soon begin.

https://lh6.googleusercontent.com/jUc71kuJ7mdnZTvflrvZ2WFrRT5O6vIIYDxXEEFKss-6IWNhpOeo9KNXbFGRUbSYmrC90Nmr6oxLMU7eMzfjOSjzp3xgNujVIQwzxMXdYBdYeZIVBxk6vrEBLMqdKGWf1Usb1sJe

Brent

The chart is showing the classical trend continuation pattern, which the quotes returned to after breaking the level.

https://lh6.googleusercontent.com/ar-e01B_OII4sU2hnh3Mye8siz7Psu9HjdLSaVDfeMjFfzaRiVYtgjC9W4xUxIYtdIiQ8L7Wou0OLmf1WNu9qZz2Z6BLEgZe7mYX4urwURw10ItzqnRh7-bnQzPy0WogfcbHyQre

 

EUR/USD on this day in history

  • Since 2000, November 21 has been a trading day 15 times.
  • On 53% of those days, the asset ended with growth.
  • The maximum reinforcement range was 0.99%
  • The trend down was limited to 1.20%.
Related posts
Analytics

Weekly News 02.09–06.09.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade It included both the news of the economic calendar and the world events that in one way or...
© 2014 - 2020 Olymp Trade Blog. All Rights Reserved.