The EU agreed to the delay, German elections were disappointing to some, & Microsoft landed a big cloud contract.
The European Union agreed to a three-month flexible delay on Monday to Britain’s departure from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed never to ask for. Affects GBP
Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said. Affects the Hang Seng index
German conservative leader Annegret Kramp-Karrenbauer on Monday faced a rebellion by party members angry at a humiliating election result in eastern Thuringia state where the Christian Democrats (CDU) lost voters to both the far-left and far-right. Affects EUR
Treasury Secretary Steven Mnuchin said on Monday the United States would increase economic pressure on Iran over its nuclear program, making the pledge during a Middle East trip that includes visits to U.S. allies Israel and Saudi Arabia. Affects Brent
Microsoft Corp. has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc. Affects Microsoft
The U.S. CB Consumer Confidence for October will be released. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. Affects USD.
News from Brussels about the approval of the next postponement of Brexit encouraged pound buyers. Despite the dissatisfaction of the Prime Minister of the kingdom, investors understand that the likelihood of a crash exit from the EU has decreased practically to zero.
The asset’s chart formed the classic triangle continuation model. For this reason, the most likely scenario is the growth of the price.
This currency pair feels support from the rising level.
The cryptocurrency’s chart has formed a Double Bottom reversal pattern. For this reason, a breakdown of the resistance level at 198 and subsequent growth is possible.
NZD/CAD on this day in history
- Since 2000, October 29th has been a trading day 14 times.
- On 46% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.57%
- The trend down was limited to 0.28%.