Analytics

News, Trends, & Analytics 28.04.2020

The number of patients with COVID-19 is growing in Russia

Today, the focus is on the problems of Airbus, the accumulation of oil tankers in California, and the growth in COVID-19 patients in Russia.

 

News

Claims for unemployment benefits in France rose in March by a record 7.1%. Affects EUR


The number of cases of COVID-19 in Russia exceeded that of China. Affects RUB


Airbus’s chief executive, Guillaume Faury, told the company that the manufacturer’s survival is at stake and hinted at further reductions in production. Affects Boeing


Apple will delay the production of flagship smartphones for a month, as product demand has declined. Affects Apple


In the coastal area of ​​California, a massive accumulation of oil tankers. Affects Brent

 

Calendar

14:00 GMT

The U.S. Consumer Confidence Index from CB will be published. Coming in at 88 points is the forecast. If the real data is lower, the USD may react with a decrease.


22:45 GMT

The report on changes in employment in New Zealand for the first quarter of 2020 will be released. it is expected to grow by 0.3%, but taking into account the global trend, there is a high probability of a negative amount. In this case, a decrease in the rate of NZD is likely.

 

Technical Analysis

USD/RUB

Russia was among those countries where the epidemic arrived late and was gaining momentum relatively slowly. However, yesterday it became known that the number of patients with COVID-19 in Russia exceeded China. At the same time, the Russian authorities admit a worsening situation. This circumstance may adversely affect the exchange rate for the Russian ruble.

In addition, another major negative factor is another large-scale decline in oil prices. For these reasons, USD/RUB may advance towards the level of 76.00, where the downward resistance level is going.

NTA 28.04 - EN_0

NZD/CAD

This currency pair may reverse away from its strong resistance level of 0.85500.

NTA 28.04 - EN_0

Gold

The asset’s chart on the 4-hour timeframe dropped below SMA 10, which can be considered as a signal for a short-term decline. An additional bearish factor comes from lowering price highs.

NTA 28.04 - EN_0

 

Gold on this day in history

  • Since 2000, April 28th has been a trading day 13 times.
  • On 53% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 3.23%.
  • The downward trend was limited to 3.35%.
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