BMW was rejected by the EU, The British housing markets has perked up, & U.S. – China negotiations kicked off in Shanghai.
German carmaker BMW against a European Commission decision to limit the state aid it could receive for a car plant in eastern Germany the European Union’s top court rejected an appeal on Monday. Affects BMW
U.S. and Chinese trade negotiators resume in Shanghai this week for their first in-person talks since a G20 truce last month. Affects the S&P500
The Russian police arresting more than 1,000 people in Moscow on Saturday around a protest to demand that opposition members be allowed to run in a local election, has made the German government very concerned. Affects RUB
Bank of England data showed on Monday, Britain’s housing market appeared to benefit from a brief lull in Brexit worries last month, but consumer lending growth was the weakest in over five years. Affects GBP
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted U.S.-China trade war is taking a bigger toll on the world’s third-largest economy. Affects JPY
The U.S. CB Consumer Confidence and Interest Rate Decision for July will be released. The Consumer Confidence report shows the confidence of the average shopper, while the interest rate will determine the lending rate. Affects USD.
Donald Trump said Friday that China may not be able to conclude a trade deal with the United States until 2020. According to him, Beijing expects Trump’s defeat in the next election. However, information has already appeared that China will increase the volume of purchases of soybeans in the United States.
The index may continue to rise toward the upper boundary of the channel.
We expect asset growth to 64.00 continuing the formation of the Double Down pattern.
This asset can bounce down from its resistance level at level 0.90500.
EUR/GBP on this day in history
- Since 2000 July 30th has been a trading day 14 times.
- On 31% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.67%.
- The trend down was limited to 0.69%.