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News, Trends, & Analytics 29.05.2019

In Japan, Trump spoke positively about the probability of a trade deal

News

EU elections have left parliament in a tough position in terms of selecting its top officials. Uncertainty over who will fill these positions in the current global economic climate will affect the EUR.


Venezuelan defectors in Colombia are gearing up for a militia style attack on Maduro’s government in hopes of turning power over to Juan Guaido. As an oil producing nation this coup could affect Brent’s price.


Austrian Chancellor Sebastian Kurz left office yesterday after parliament voted out his conservative provisional government, however Kurz will remain the leader of the EU’s People’s Party. The turmoil may affect the EUR.


Italian Deputy Prime Minister and League party leader Matteo Salvini has called for change in the ECB to focus on cutting unemployment, not capping budget deficits. This could affect the EUR.


Tensions continue to rise in the Middle-East between the U.S. and Iran, sanctions are contiuing to clamp down on crude leaving Iran with no end in sight. This conflict will affect Brent.

 

Calendar

07:55 GMT

German Unemployment Change for May will be released. This report could impact the EUR.


14:00 GMT

BoC Interest Rate Decision will be announced. The rate decision will affect the CAD.

 

Technical analysis

Gold

This precious metal’s chart can reverse its trend to bullish, because the asset has a strong support level.

 

EUR/AUD

EUR/AUD’s chart has show the pattern Double Top. Its price may continue to fall.

 

Zcash

In the near future Zcash may rise above $100, if the chart can break the Fibonacci fan’s ray.

 

USD/CHF on this day in history

  • Since 2000, on May 29th has been a trading day 14 times.
  • In 64% of cases on this day the asset ended by reversing upward.
  • The maximum reinforcement range was 1.13%.
  • The downtrend was limited to 1.73%.

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