Analytics

News, Trends, & Analytics 25.11.2021

Central Banks Speak

Today the focus is on the economic outlook from the ECB and BoE.

 

Calendar

13:30 UTC

ECB President Lagarde speaks. An optimistic outlook may boost EUR.

Assets to trade: EUR/NZD, EUR/GBP, EUR/JPY


17:00 UTC

Bank of England Governor Bailey speaks. An upbeat report may support the GBP.

Assets to trade: EUR/GBP, GBP/USD, GBP/JPY

 

News

Apple has sued an Israeli company that produces software allowing the government to hack into iPhones. Affects Apple


US Covid cases are reported to have risen by 25% in the last two weeks. Affects USD


JP Morgan CEO Jamie Dimon commented that he expects JPMorgan to live longer than the Chinese Communist Party. Affects JPMorgan


An additional $192B in debt is planned to be issued by Japan as an economic stimulus. Affects JPY

 

Technical Analysis

GBP/USD

GBP has been in a downtrend against USD lately. Rising inflation and virus-related issues are still major contributing factors, but the Bank of England Governor’s speech may change that. If there are upbeat tones in this report, GBP/USD may reverse under 1.34 and take an upswing.

Brent

Brent is looking upwards again and may retest $85 soon.

Gold

Gold dropped below $1,800. If it keeps declining, it will break the uptrend and may go to lower support levels.

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