Analytics

News, Trends, & Analytics 23.09.2020

Cryptocurrency ETF in Bermuda

Today, the focus is on the informal negotiations between London and Brussels, the Microsoft deal, and the launch of a cryptocurrency ETF.

 

Calendar

11:50 UTC

The Bank of Japan’s monetary policy report will be published. The event may cause an increase in the volatility of the JPY currency pairs.

Assets to trade: USD/JPY, CAD/JPY


14:00 UTC

US Federal Reserve Chairman Jerome Powell will deliver a speech. The event can cause an increase in volatility in the currency and stock markets.

Assets to trade: S&P 500, USD/CHF, Gold


14:30 UTC

The report on changes in US crude oil reserves will be published. The indicator is projected to decrease by 2 million barrels. If the reduction in inventories turns out to be more voluminous, Brent quotes may rise.

Assets to trade: Brent, Chevron

 

News

A cryptocurrency ETF will be launched on the Bermuda Stock Exchange. Affects Bitcoin


Informal talks on a trade deal between the UK and the EU will take place today. Affects GBP


The head of the Bank of England has denied rumors about the possible introduction of a negative key rate. Affects GBP


Nike has published financial statements for the first quarter of this year. Affects Nike


Microsoft will buy the largest game developer Bethesda Softworks. Affects Microsoft

 

Technical Analysis

Bitcoin

The Bermuda Stock Exchange (BSX) approved the listing of a cryptocurrency ETF on September 18, which will be managed by the Brazilian company Hashdex, which manages $47 million in assets. The product is expected to be of interest not only to private but also to institutional investors.

Meanwhile, the price of Bitcoin has returned to the previously broken resistance level of 10400, which could be the starting point for the resumption of the bullish trend.

CAD/JPY

The chart of the currency pair dropped below the upward support level. We may see a long downtrend to 75,000.

EUR/AUD

The currency pair may decline to the support level of 1 within the formed range.

EUR/AUD on this day in history

  • Since 2000, September 23rd has been a trading day 13 times.
  • On 46% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1%.
  • The downward trend was limited to 0%.
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