Analytics

News, Trends, & Analytics 25.6.2020

COVID fears spread with cases

Today’s focus is on suspended military action on the Korean peninsula, the British – U.S. trade deal, and the continued impact of COVID-19

 

News

Japanese shares fell on Wednesday as investor fear rose in response to Tokyo’s highest daily COVID-19 cases in over a month. Affects Nikkei 225


The European Union hopes to reopen borders for outsiders starting in July, but some criteria could keep Americans and Russians out. Affects EUR


Britain has no deadline to strike a trade deal with the United States. Affects FTSE 100


Toronto, Canada’s financial capital, had a muted reopening on Wednesday following a three-month shutdown for the pandemic. Affects CAD


North Korea is suspending military action plans against South Korea. Affects Gold

 

Calendar

12:30 GMT

The U.S. Initial Jobless Claims report will be released. Predicted to come in at 1,300K, if the real data is higher the USD could decline.

 

Technical Analysis

FTSE 100

Since the beginning of the COVID-19 pandemic, this index has been on a rollercoaster. As the U.K. reopens with increasing cases spreading around the world investors are nervous. Combined with slowed trade talks with the U.S. the index has seen some pressure.

Its chart showing a “Three Black Crows” pattern after a period of trading within a channel, signals a downtrend.

Tesla

After coming under scrutiny for screen issues in their S Model, its chart has shown a “Three Outside Down” pattern which means the price will likely test the rising support level.

Brent

This commodity’s chart has shown a “Bullish Engulfing” signal that dropped the price below the rising support level, showing the downtrend’s strength.

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