News, Trends, & Analytics 27.10.2020

Quarantine 2.0

Today, the focus is on Lockheed’s problems over Taiwan, Tesla’s plans, and the worsening epidemiological situation.



12:30 UTC

September durable goods basic orders report will be published. The expected figure is 0.4%. If the real data is lower, the USD will decline.

Assets to trade: USD/CAD, EUR/USD

14:00 UTC

October US Consumer Confidence will be released. The indicator is predicted to be 102 points. If the real data is higher, the USD will rise.

Assets to trade: USD/CAD, EUR/USD



The EU is tightening quarantine measures, and the United States has broken the record for the number of cases of COVID-19 in one day. Affects the S&P 500

Libya’s National Oil Corporation has announced the resumption of oil production at the field in El Feel. Affects Brent

Tesla plans to ship 7,000 vehicles to Europe. Affects Tesla

The business climate in Germany is declining according to IFO. Affects EUR

Subsidiary Boeing falls under Chinese sanctions for arms sales to Taiwan. Affects Boeing


Technical Analysis


EU countries are gradually tightening quarantine measures due to the worsening epidemiological situation around COVID-19. The United States and other countries also show no signs of stabilization. It is possible that a new wave of the pandemic will lead to total restrictions that the world experienced in the spring of 2020.

Against this background, the pressure on the stock market and the price of black gold is increasing. Technical analysis allows quotes to fall to the level of 40 and below.


The pair may continue the uptrend as the chart consolidated above the resistance level at 1.65900.


The pair’s chart has formed a head and shoulders pattern, which indicates a likely continuation of the downtrend.


EUR/NZD on this day in history

  • Since 2000, October 27th has been a trading day 13 times.
  • On 46% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.75%.
  • The downward trend was limited to 0.89%.
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