Analytics

News, Trends, & Analytics 27.08.2021

Falling German Sentiment

Today the focus is on growth in Japan, slipping oil, and concerned Germans.

 

Calendar

14:00 UTC

The US Fed Chair Powell will speak publicly. His statements will be watched by traders around the world and could influence the USD.

Assets to trade: USD/MXN, USD/CAD, USD/NOK

 

News

The prices Japanese companies charge each other for services rose for a fifth straight month in July, data showed on Thursday, a sign the economy was holding up despite the hit from a resurgence in COVID-19 cases and curbs to combat the pandemic. Affects JPY


European shares headed lower on Thursday after data outlined faltering consumer morale as COVID-19 cases surge, while worries about monetary policy outlook further dented the mood. Affects Euro Stoxx 50


Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as Mexico restored some oil production. Affects Brent


The mood among German consumers darkened heading into September as accelerating inflation and rising COVID-19 cases made them more hesitant to buy, a survey showed on Thursday. Affects EUR


China is maintaining “normal communication” with the United States on trade, the Chinese government said on Thursday, one of the few areas the world’s two largest economies have refrained from confronting each other over this year. Affects S&P 500

 

Technical Analysis

EUR/CHF

The eurozone has seen regional and German consumer sentiment fall as COVID-19 concerns continue to loom large. This has already impacted the stock market and could weigh heavily on the currency.

The pair has show Three White Knights but may falter in the face of the resistance zone.

Netflix

Prices are currently trading within a channel and will need serious momentum to break the topp boundary.

Visa

The credit giant has been indecline and the trend looks like it will continue.

Related posts
Analytics

News, Trends, & Analytics 29.10.2020

The second wave of COVID-19 is gaining momentum. France and Germany are tightening quarantine measures. What to expect in the foreign exchange market?
Analytics

News, Trends, Analytics 22.11.2019

Two laws aimed at protecting protesters in Hong Kong have been passed in the United States. Chinese officials condemned Washington's actions.