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News, Trends, & Analytics 25.06.2019

Bitcoin is above $10000. How long will the masses remain positive?

President Trump volleys demands toward the Fed, Russia warns the U.S. to not arm eastern Europe, & China has leant more money to businesses.

 

News

President Trump has continued to call for the Fed to lower rates, though the Powell hinted at rate decreases to come. Affects USD


The European Commission is considering postponing Italy’s required policy changes to deal with its national debt that exceeds twice the EU limit. Affects the EUR


Russia warns the U.S. that they could be prompting another Cuban Missile Crisis if Washington follows through with plans to deploy missile systems in eastern Europe. Affects Gold


Turkey’s purchase of Russian S-400 defense systems though it is not compatible with the tech and F-35s Turkey and the U.S. have been working on, how the U.S. will respond is yet to be seen. Affects the TRY


China’s central bank said that more loans have been extended to small firms in the first five months of 2019, reacting to Beijing’s call to support the economy. Affects the AUD

 

Calendar

11:00 GMT

The ETF MSCI Brazil: BCB Copom Meeting Minutes will be released. These minutes will show how the central bank sees the economy and its thoughts could affect the BRL.


14:00 GMT

The CB Consumer Confidence for the U.S. will be published. This report looks at the consumer confidence in economic activity. Predicted to come in at 132.0, whether higher or lower, it could affect the USD.


17:00 GMT

Fed Chair Powell Speaks. His comments on the future of the U.S. economy could affect the USD.

 

Technical analysis

Bitcoin

If we look at BTC’s chart and use Fibonacci fans, we see that BTC has the potential of continuing to grow. In the near future BTC will be able rise to 13000.

USD/TRY

This asset has shown the reversal pattern Double Bottom signaling an uptrend.

CHF/JPY

The pair has shown the reversal pattern Triple Bottom. Its long-term growth goal is at 112.000.

 

USD/TRY on this day in history

  • Since 2000, June 24th has been a trading day 13 times.
  • On 39% of those days the asset ended with growth.
  • The maximum reinforcement range was 1.75%.
  • Trend down was limited to 1.03%.

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