Stay connected

Analytics

News, Trends, & Analytics 23.08.2019

Boris Johnson met with Emmanuel Macron to discuss Brexit

The Euro saw 3-week lows, Iran is looking to work with France on a new deal, & Boris Johnson and Emmanuel Macron met about Brexit.

 

News

Ahead of their time together PM Boris Johnson spoke to the French people and President Macron offering hopeful words of a deal to be struck amid the U.K.’s separation. Affects GBP


Foreign Minister Mohammad Javad Zarif said on Thursday, Iran is prepared to work on French proposals to salvage the international nuclear deal that Tehran signed with world powers in 2015. Affects Brent


Unless there are further signs the U.S. economy is changing direction, Kansas City Federal Reserve Bank President Esther George said on Thursday that she would be happy to leave interest rates at current levels. Affects USD


Italy’s head of state wants political parties to reach a deal to form a new coalition government in the next few days if they want to avoid snap elections. Affects EUR


The euro fell on Thursday, heading toward a three-week low, as an uptick in eurozone business growth was offset by another decline in China’s currency. Affects EUR

 

Calendar

12:30 GMT

The Canadian Core Retail Sales (MoM) for June will be released. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy. Affects CAD.


14:00 GMT

The U.S. Fed Chair Powell Speaks. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Affects USD.

 

Technical analysis

GBP/USD

Boris Johnson’s peace-loving mood supported the British currency. The Prime Minister of Great Britain at a meeting with the French President outlined his desire to get a deal with Brussels and unwillingness to arrange the Irish border.

Despite the positive, the asset could not break above 1.21780, which could stimulate sales.

USD/CHF

This asset can continue to grow to the upper boundary of its channel.

DAX

This stock index’s chart formed an inverted Head and Shoulders pattern. It is possible that the DAX could be expected to strengthen.

 

USD/JPY on this day in history

  • Since 2000 August 23rd has been a trading day 15 times.
  • On 35% of those days, the asset ended with growth.
  • The maximum reinforcement range was 0.88%.
  • The trend down was limited to 1.26%.

Related posts

© 2014 - 2019 Olymp Trade. All Rights Reserved.