Boeing to work on manufacturing oversight, Nintendo’s newest mobile game had a glitchy start, & The U.S. is ramping up sanctions on Iranian oil.
The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran. Affects Brent
Nintendo Co Ltd’s hotly-awaited mobile title Mario Kart Tour launched on Wednesday with many users initially complaining server overload meant they could not play the game that is seen as a major test of the Kyoto-based company’s mobile ambitions. Affects Nintendo
Boeing Co’s board of directors said on Wednesday it created a new permanent safety committee to oversee the development, manufacturing, and operation of its aircraft and services in the aftermath of two fatal 737 MAX crashes. Affects Boeing
U.S. President Donald Trump asked Ukrainian President Volodymyr Zelenskiy in a July telephone call to investigate whether former Vice President Joe Biden shut down an investigation into a company that employed his son, a summary of the call released by the Trump administration on Wednesday showed. Affects USD
Attorney General Geoffrey Cox said on Wednesday the British government would be asking parliament to agree to an election shortly, urging lawmakers to back the move. Affects GBP
The U.S.’s GDP (QoQ) for (Q2) will be published. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. Affects USD.
The ECB’s President Draghi Speaks. As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person. His comments may determine a short-term positive or negative trend. Affects EUR.
U.S. Pending Home Sales (MoM) for August will be released. The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. Affects USD.
A new chapter of the trade war between the United States and China began. Yesterday, Secretary of State Mike Pompeo announced the imposition of sanctions against a number of Chinese companies associated with the Iranian oil sector.
Oil decline is likely to continue despite the level of support. The overall fundamental situation leaves much to be desired. As a matter of fact, there is currently no sign that gives a bullish signal.
The asset chart dropped below the upward support level, which led to increased bearish activity. The target of the downward trend could be 1.23000.
Sales started again from the resistance level at 960, which can develop into a confident downtrend.
Platinum on this day in history
- Since 2010 September 26th has been a trading day 8 times.
- On 25% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.5%
- The trend down was limited to 3.3%.