Analytics

News, Trends, & Analytics 23.01.2020

Iran without nuclear ambitions

Today, the focus is on the spread of the virus in China, another postponement of Boeing, as well as Iran’s abandonment of plans to create nuclear weapons.

 

News

The spread of an unknown virus in China is crushing stock markets. Affects Nikkei 225


Donald Trump will meet with the head of the WTO next week. Affects the S&P500


Boeing does not expect to receive permission to operate the 737 MAX until mid-year. Affects Boeing


The Iranian president said he was not keen to create nuclear weapons. Affects Brent


According to Trump, raising the Fed rate last year was a mistake. Affects USD

 

Calendar

12:45 GMT

The ECB will decide on the Interest Rate Decision. Regardless of the results, the event can cause an increase in EUR volatility.


13:30 GMT

A press conference will be held by the head of the ECB, which will assess the current state of the economy. An event may cause an increase in EUR volatility.


16:00 GMT

A report on US crude oil inventories will be released. It is expected to decrease by 1.349 million barrels. If the real data is above zero, this will lead to a decrease in the price of Brent.


21:45 GMT

New Zealand’s upcoming Consumer Price Index for Q4 2019 will be released. If the real data exceeds the forecast value of 0.4%, NZD will be able to grow.

 

Technical Analysis

Brent

After the escalation of the situation around Iran, the country was seriously threatened by UN sanctions. Such a scenario is still relevant, therefore, the leaders of the Islamic Republic show their correctness. This time, the president said that Iran has no plans to develop nuclear weapons.

The Brent chart has already gone beyond the channel. It is worth noting that the asset does not have significant support levels, so it is likely to fall to 57.00 or lower.

GBP/CAD

To strengthen to 1.72550, the pair has to gain a foothold above the Fibonacci level, located at 1.71300.

USD/CHF

The currency pair should be sold since there is the potential for its reduction inside the channel to 0.96000.

 

USD/CHF on this day in history

  • Since 2000, January 23rd was a trading day 15 times.
  • On 33% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.09%.
  • The downward trend was limited to 1.55%.
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