Brexit’s delay has been requested, OPEC is experiencing some push back, & The ECB’s Draghi inspired stimulus package raises eyebrows.
EU leaders will consider Britain’s request for a Brexit delay and are likely to move quickly to extend the Oct. 31 deadline, while officials expect a three-month postponement that could be cut short if Britain passes legislation sooner. Affects GBP
Facebook Inc. chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday. Affects Facebook
Hong Kong’s legislature on Wednesday formally withdrew planned legislation that would have allowed extraditions to mainland China, but the move was unlikely to end months of unrest as it met just one of five demands of pro-democracy demonstrators. Affects the Hang Seng
Lukoil CEO Vagit Alekperov said he is against any changes to a global deal on curbing oil supplies agreed between OPEC+ and its allies, Russia’s RIA Novosti news agency reported on Wednesday. Affects Brent
European Central Bank staff back Mario Draghi’s aggressive stimulus policy but resent the perception that he relied on a “kitchen cabinet” and allowed favoritism at the institution. Affects EUR
The ECB Interest Rate Decision for October will be announced. The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks vote on where to set the rate. Affects EUR.
The ECB Press Conference will take place. The European Central Bank (ECB) press conference is held monthly, about 45 minutes after the Minimum Bid Rate is announced. Affects EUR.
U.S. New Home Sales for September will be released. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. Affects USD.
After the parliament of the United Kingdom could not approve the deal for Brexit before October 19, a letter was sent to Brussels asking for a postponement. Despite the fact that the British Prime Minister did not agree with this, the head of the European Parliament could allow a delay until January 31.
The asset’s chart broke through the upward support level, which activated the bearish tendency of traders.
The asset is being traded at the bottom of the channel. The quotes will most likely rise away from the support line.
The cryptocurrency has lost more than 8% in recent days. The trend could continue down to 7300 and below.
EUR/AUD on this day in history
- Since 2000, October 24th has been a trading day 15times.
- On 33% of those days, the asset ended with growth.
- The maximum reinforcement range was 5.15%
- The trend down was limited to 0.95%.