Analytics

News, Trends, & Analytics 26.11.2019

Democrats won by a landslide in Hong Kong

Elon Musk says “200k”, Germany flexes domestic economic strength, Hong Kong voters made their voice heard.

 

News

After months of sometimes-violent unrest in Hong Kong, an election with record turnout handed a big victory to pro-democracy local district council candidates, posing a new problem for Beijing and adding pressure on the city’s leader. Affects the Hang Seng


German business morale rose in November as Europe’s largest economy is on track to grow by 0.2% in the fourth quarter as its domestic strength more than offsets a manufacturing recession. Affects EUR


A pro-government rally in Tehran on Monday was meant to show the world who “real” Iranians are, Iran’s Foreign Ministry said, after foreign statements of support for a wave of protests against the authorities over a fuel price rise. Affects Brent


On Monday, India’s information technology minister Ravi Shankar Prasad said, Apple Inc. would expand its operations in the country. Affects Apple


Tesla Inc. CEO Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck. Affects Tesla

 

Calendar

15:00 GMT

The U.S. CB Consumer Confidence for November will be released. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. Affects USD.

 

Technical analysis

Hang Seng

Democratic candidates won elections in 17 of Hong Kong’s 18 municipal districts. The head of the city, Carey Lam, promised to draw conclusions from the situation and respect the choice of citizens.

The index’s chart formed a “double bottom” reversal pattern, which can push quotes to the upper border of the channel.

USD/NOK

The currency pair may rise to a resistance level of 9.20. Please note that the asset currently adheres to the boundaries of the channel 9.08-9.20.

USD/TRY

The Turkish lira began to weaken against the U.S. dollar. The currency pair turned upward away from a strong support level. The quotes could rise to the resistance level of 5.78.

 

USD/TRY on this day in history

  • Since 2000, November 26th has been a trading day 13 times.
  • On 61% of those days, the asset ended with growth.
  • The maximum reinforcement range was 2.95%
  • The trend down was limited to 1.21%.
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