Analytics

News, Trends, & Analytics 27.09.2019

The ECB loses a top Council Member

Texas leads the charge with Alphabet investigation, U.K. Parliament will not be recessing for the Conservative Party, & The ECB has lost Sabine Lautenschlaeger.

 

News

Texas’ AG as part of a group of 48 state attorneys general, joined by Washington, DC and Puerto Rico, announced this month that they are investigating accusations of antitrust violations by search and advertising giant Google. Affects Google


With some policymakers in open revolt over a new stimulus package, Sabine Lautenschlaeger’s shocking resignation from the European Central Bank illustrates the deep divisions that Christine Lagarde will have to heal when she takes over next month. Affects EUR


Parliament began sitting again on Wednesday after the Supreme Court ruled Prime Minister Boris Johnson’s decision to suspend it for five weeks was unlawful, then British lawmakers voted on Thursday against adjourning Parliament for the governing Conservative Party to hold their annual conference. Affects GBP


Throwing a shadow on an economy that is being stalked by financial market fears of a recession U.S. business investment shrank more sharply than estimated in the second quarter and corporate profit growth was tepid. Affects USD


The United States has been granted approval to impose tariffs on European Union goods with an annual trade value of around $7.5 billion over illegal government support for European planemaker Airbus. Affects Boeing

 

Calendar

12:30 GMT

U.S. Core Durable Goods Orders (MoM) for August will be released. Core Durable Goods Orders measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. Affects USD.

 

Technical analysis

EUR/CHF

The departure of Sabine Lautenschlaeger from her post can be interpreted by the market as a signal of the ECB’s uncertainty. Against the background of German Chancellor Merkel seeking confirmation of the stability of the regulator, this event is doubly alarming.

Despite the alarming signals, quotes of the currency pair can grow. This is evidenced by the Pin Bar on the daily timeframe.

Gold

Gold could please the bears, as the graph gradually forms the figure Head and Shoulders.

USD/CLP

Our focus is on the appearance of a bearish divergence. Probably, the asset will trend downtrend.

 

Gold on this day in history

  • Since 2010 September 27th has been a trading day 14 times.
  • On 50% of those days, the asset ended with growth.
  • The maximum reinforcement range was 1.55%
  • The trend down was limited to 0.9%.
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