U.K. PM Johnson still needs parliament on his side, The U.S. helped foster short-lived peace between Turkey & Syria, & France and Italy must explain their budget plans to the European Commission.
Prime Minister Boris Johnson faced two pivotal votes in parliament on Tuesday that would decide whether he can deliver on his promise to lead the United Kingdom out of the European Union in nine days’ time. Affects GBP
China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year. Affects Brent
Canadian Prime Minister Justin Trudeau held on to his job, securing his spot as one of the world’s few high-profile progressive leaders in Monday’s election, though tarnished by scandal and with his power diminished. Affects CAD
Turkish President Tayyip Erdogan said, Hundreds of Kurdish fighters remain near to Syria’s northeast border despite a U.S.-brokered truce demanding their withdrawal and Turkey could resume its offensive in the area when the ceasefire expires. Affects TRY
The European Commission said next year’s draft budgets for France and Italy could be in breach of European Union fiscal rules and it asked for clarification by today in letters sent to the countries’ finance ministers. Affects EUR
U.S. Crude Oil Inventories will be released. The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. Affects Brent.
The claims of the European Commission on the draft budget of France and Italy have not yet put pressure on the European currency. Nevertheless, if countries begin to challenge the claims of the European Commission, conflict may develop.
This currency pair’s chart formed a strong bearish signal in the form of a Curtain of Clouds pattern.
This pair’s chart gradually completes the formation of the wedge figure. There is a decent probability of a breakdown of its lower boundary.
There is a high probability of a bullish scenario for this asset. The MACD has formed a divergence right at the support level at 1.73600.
CHF/JPY on this day in history
- Since 2000, October 23rd has been a trading day 14 times.
- On 50% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.03%
- The trend down was limited to 1.38%.