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News, Trends, & Analytics 24.05.2019

U.K. PM May debates stepping down

This article is produced Tuesday — Friday for Olymp Trade users and traders who wish to stay informed about the events past and future that will likely impact today’s markets.

 

News

Prime Minister Theresa May back tracks on deal vote amid calls for resignation and collegues stepping down. This turmoil could affect the pound.


Beijing is calling for an end Washington’s Huawei ban before trade talks can continue. Stalled negotiations and the ban could harm indexes like the S&P 500 with large technology sectors.


U.S. crude oil output and inventories dropped the market yesterday. Combined with trade concerns demand could continue to affect the commodity’s price.


U.S. — China technology cold war concerns hit the global tech market. Japan’s Nikkei may also be affected.


Poor economic numbers reported across the EU have led to a drop in their market, and could bring volatility to the Euro.

 

Spotlight

Times in GMT

08:30

GBP Retail Sales (MoM) (Apr)

Predicted: -0.3% Previous: 1.1%


12:30

USD Core Durable Goods Orders (MoM) (Apr)

Predicted: 0.2% Previous: 0.2%

 

Analytics

NASDAQ

This U.S. index’s 1D TF has shown a Three Outside Down pattern signaling a likely continuation of its recent downtrend.

USD/JPY

This currency pair’s 1D TF has shown a Three Inside Down pattern indicating an end to the most recent uptrend.

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