Microsoft is struck a deal with SAP, Boris Johnson could not avoid sending the letter, & the first deal between the U.S. and China is not being rushed.
Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud. Affects Microsoft
The initial U.S.-China trade deal does not need to be finalized next month, the U.S. commerce secretary said on Monday even as President Donald Trump has said he would like to sign the pact when he meets his Chinese counterpart at November’s APEC summit. Affects the S&P500
Prime Minister Boris Johnson will again try to put his Brexit deal to a vote in parliament on Monday after he was forced by his opponents to send a letter to Brussels seeking a delay to Britain’s departure from the European Union. Affects GBP
China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a case of tariffs dating back to the Obama era, a document published on Monday showed. Affects Gold
The European Union’s statistics agency revised up Germany’s budget surplus for 2018, data released on Monday showed, following a trend that could signal Berlin’s plan to spend more next year may end up delivering less than expected. Affects EUR
Canadian Core Retail Sales (MoM) for August will be released. Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. Affects CAD.
U.S. Existing Home Sales for September will be published. Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. Affects USD.
The excitement of the first trade agreements between the US and China is gradually subsiding. Not everyone in the White House is ready for rapid progress, and the Chinese side is starting to talk about new conditions.
Against this background, traders’ interest in the sale of stock assets is growing again. For this reason, the index may fall into a bearish trend.
Demand for the US dollar versus the yen may rise, as the chart showed an inverted head and shoulders formation.
A bullish signal came in the form of a double bottom pattern. However, there is a high probability of a breakdown at 0.84250.
NZD/CAD on this day in history
- Since 2000, October 22 has been a trading day 13 times.
- On 69% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.24%
- The trend down was limited to 0.57%.