Analytics

News, Trends, & Analytics 30.01.2020

Erdogan accused Moscow of backing out

Today, the focus is on Apple’s successes, the risk of China’s GDP decline, and Erdogan’s accusations against Moscow.

 

News

In Australia, inflation has accelerated. Affects AUD


Apple recorded record revenue. Affects Apple


A government economist in China allowed the country’s GDP to fall below 5%. Affects Hang Seng


Profit McDonald’s exceeded the expectations of experts. Affects McDonald’s


Turkish President Erdogan accused Russia of violating Syria accords. Affects TRY

 

Calendar

12:00 GMT

The report from the Bank of England on the state of inflation in the UK will be published. At the same time, the publication of the protocol of the meeting of the regulator on monetary policy is scheduled. This information may cause GBP volatility to increase.


13:30 GMT

The first estimate of US GDP for the IV quarter of 2019 will be released. The expected growth rate is 2.1%. If the actual rate is lower, the USD will come under pressure.

 

Technical Analysis

USD / TRY

Turkish President Erdogan said that Russia is not complying with the agreement and has not contributed to a ceasefire in Syria. In particular, the head of Ankara is outraged by the attack by the Syrian government forces in Idlib province. Moscow will probably respond to Erdogan’s statements. In addition, Turkey and the United States nevertheless found reconciliation on a number of issues.

Please note that the currency pair adheres to the boundaries of its channel, but has not tested them for a long time. Against the background of the general strengthening of the US dollar, we believe the growth of quotations more likely.

Ethereum

Ethereum classic formed a bearish divergence on the 1-day timeframe. We expect a massive drop in the price of the asset.

Silver

Silver is declining amid falling stock prices. From the point of view of technical analysis, the trend has not exhausted itself. We recommend sticking to the bearish side.

 

Silver on this day in history

  • Since 2000, January 30th was a trading day 15 times.
  • On 53% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 2.61%.
  • The downward trend was limited to 3.04%.
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