Brazil narrowly avoided recession in Q2, The DPA found that Microsoft may be breaching privacy rules, & President Rouhani refuses to negotiate with the U.S. while sanctions stand.
0.2% in the second quarter, a sluggish pace of growth but enough to mean Brazil Latin America’s largest economy avoided slipping back into recession. Affects the ETF MSCI Brazil
In a potential breach of privacy rules, the Dutch Data Protection Agency (DPA) said on Tuesday that Microsoft is remotely collecting data from users of Windows Home and Windows Pro. Affects Microsoft
Deputy Finance Minister Alexei Moiseev said on Tuesday, Russian state lender Promsvyazbank (PSBR.RTS) (PSB) has stepped up gold purchases in the market. Affects Gold
President Hassan Rouhani said on Tuesday, Iran will not talk to the United States until all sanctions imposed on Tehran are lifted, one day after President Trump said he would meet his Iranian counterpart to try to end a nuclear standoff. Affects Brent
U.S. President Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies. Affect the USD
The U.S.’s Crude Oil Inventories will be released. The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. Affects Brent.
The presidents of France and the United States are starting to look stupid. Before Emmanuel Macron facilitated the meeting between the US and Iranian presidents, Hassan Rouhani rudely rejected the opportunity to meet without first lifting the sanctions.
Analysis of the daily timeframe showed that the chart formed a Double Top figure, which fits perfectly into the concept of a narrowing channel.
First, we expect a breakdown of the level 0.74200, after which the RSI will enter the overbought zone. After that, we recommend selling the asset.
According to the Fibonacci retracement level, the asset may fall to the levels of 1.32200 and 1.31800
USD/CAD on this day in history
- Since 2000 August 28th has been a trading day 14 times.
- On 57% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.01%.
- The trend down was limited to 0.56%.