Analytics

News, Trends, & Analytics 28.06.2019

All eyes are on the G20 summit in Japan

The U.S. GDP was strong with other disappointments, IBM now has a Red Hat, & A U.S. – China truce may be on the horizon.

 

News

Italy has passed a growth package to help bring the Euro bloc’s third-largest economy back up after a shaky Q1. Affects the EUR


IBM won antitrust approval for its $34 billion acquisition of software company Red Hat (RHT.N). Affects IBM


Acting U.S. Defense Secretary Mark Esper told NATO allies on Thursday that Washington did not want to go to war with Iran but also could not tolerate any further incidents. Affects Brent


China and the U.S. could have an agreement as soon as this weekend, there are still many points to clarify but “the truce cake seems to have been baked,” the Morning Post quoted one of its sources as saying. Affects the S&P500


The U.S. GDP came in at 3.1% meaning the economy is growing though exports and internal demand fell. Affects the USD

 

Calendar

09:00 GMT

The EU CPI (YoY) for June will be released. This number accounts for the change in prices consumers see. This will likely affect the EUR.


12:30 GMT

Canada’s GDP (MoM) for April will be published. A good barometer of the economy the GDP will likely influence the CAD.

 

Technical analysis

Brent

The price of oil will depend on the results of negotiations between the leaders of China and the United States.

Now we have a level of resistance 66,00. Without good news from the G20, the price will not break this level.

EUR/AUD

If the aasset falls below 1.62280 the bears will start to sell this pair.

GBP/CHF

The asset is inside the downstream channel. After contact with the upper border, the pair may fall to the bottom border.

GBP/CHF on this day in history

  • Since 2000, June 28th, it has been a trading day 14 times.
  • On 57% of those days, the asset ended the grown.
  • The maximum reinforcement range was 1.34%.
  • Trend down was limited to 0.35%.

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