Yet another UK official has stepped down in protest, Tencent and Nintendo may work together soon, & Turkey has promised to retaliate to any U.S. sanctions.
The latest resignation before the presumed new prime minister takes office is a British minister and longstanding critic of Boris Johnson quit on Monday, because of his “do or die” pledge to leave the European Union with or without a deal. Affects GBP
A British tanker was seized last week which lead to concerns of supply disruptions in the Gulf, oil prices rose on Monday. Affects Brent
China’s Tencent Games said on Monday that its Timi Studio will work with The Pokemon Company, a firm partially owned by Japan’s Nintendo, on developing a new game. Affects Nintendo
Turkey’s foreign minister said on Monday, it would retaliate against what it called an unacceptable threat of U.S. sanctions over Ankara’s purchase of Russian S-400 missile defenses, adding he believes President Donald Trump wants to avoid such measures. Affects TRY
Australia’s central bank is expected by economists to keep its cash rate at a record low 1% next month with at least one more cut later this year with overall growth and inflation forecast to remain benign. Affects AUD
The U.S. Existing Home Sales for June will be released. This report is a barameter of the real estate market. Affects USD.
The pressure on Turkey does not bode well for the Lira. If the U.S. imposes sanctions because of the purchase of Russian missile systems, the Turkish economy may not withstand it.
This asset is under the pressure of a downward resistence level. Possible reduction of quotations to 5.63.
This pair received a dose of optimism due to the inverted “Head and Shoulders” figure, but at 74.00, the bears could regain control of the situation.
With publication of the quarterly report, the demand for the company’s securities may increase. The best levels for bargaining deals will be: 51.20, 50.60, 49.40
Coca-Cola on this day in history
- Since 1990 July 23th has been a trading day 15 times.
- On 40% of those days, the asset ended with growth.
- The maximum reinforcement range was 2.22%.
- The trend down was limited to 7.7%.