Analytics

News,Trends, & Analytics 25.09.2019

Johnson's decision was illegal

Trade talks between the U.S. and China to continue, Tesla’s Chinese competition falters, & The decision to suspend the U.K. parliament was overturned.

 

News

U.S. stocks rose on Tuesday, lifted by technology shares, after Washington confirmed that trade talks with China would resume in two weeks, easing some uncertainty fueled by the cancellation of a planned U.S. farm visit by Chinese delegates last week. Affects the S&P500


The UK Supreme Court ruled on Tuesday that Boris Johnson’s decision to shut down parliament in the run-up to Brexit was unlawful, but a defiant prime minister said he disagreed and vowed that Britain would leave the EU by Oct. 31, come what may. Affects GBP


Prime Minister Boris Johnson said on Tuesday that Britain needed a general election. Affects GBP


U.S.-listed shares of Tesla Inc rival NIO Inc tumbled more than 18% on Tuesday after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. Affects Tesla


The Federal Reserve on Tuesday injected $105 billion in temporary cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week. Affects USD

 

Calendar

14:00 GMT

U.S. New Home Sales for August will be published. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. Affects USD.


14:30 GMT

U.S. Crude Oil Inventories will be announced. The Energy Information Administration’s (EIA) Crude Oil Inventories measure the weekly change in the number of barrels of commercial crude oil held by US firms. Affects Brent.

 

Technical analysis

GBP/USD

In response to the verdict of the Supreme Court of Great Britain to declare illegal the decision to send parliament to a long break, Prime Minister Boris Johnson began talking about the need for a general election.

Against this background, the currency pair may continue its downtrend. In addition, the Fibonacci levels prevent the asset from reaching above 1.25000.

CHF/JPY

The asset chart formed a Double Bottom pattern. A possible breakdown of the level 109.00 and the activation of an uptrend.

Litecoin

The past “Pin-Bar” candlestick model on the weekly timeframe led to bear activity. Cryptocurrency sales will probably last all week.

 

GBP/JPY on this day in history

  • Since 2000 September 25th has been a trading day 14 times.
  • On 43% of those days, the asset ended with growth.
  • The maximum reinforcement range was 0.45%
  • The trend down was limited to 2.4%.
Related posts
Analytics

News, Trends, & Analytics 21.02.2020

After a massive decline in the price of black gold at the beginning of the year due to coronavirus, a new fundamental background is gradually being...
Analytics

Weekly News 27.01 — 31.01.2020

Introducing the most complete review of the upcoming week from analysts Olymp Trade It included both the news of the economic calendar and the world events that in one way or...
© 2014 - 2020 Olymp Trade. All Rights Reserved.