Boeing still defending the 737 MAX, Bipartisan bill signing in the U.S. House, & Oil prices dropped in the face of uncertainty.
Britain is heading towards its first December election in almost a century after Prime Minister Boris Johnson’s bet on breaking the Brexit deadlock with an early ballot gained support from opposition parties on Tuesday. Affects GBP
Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December. Affects Brent
Boeing Co (BA.N) Chief Executive Dennis Muilenburg, at the start of two days of testimony before U.S. lawmakers, faced tough questions on Tuesday on the crashes of two 737 MAX planes that killed 346 people and sparked calls for reforms. Affects Boeing
The U.S. House will vote Tuesday on a bipartisan bill to sanction Turkey, warning that a deal struck with the Trump administration won’t save the NATO ally from economic punishment for invading northern Syria. Affects TRY
China will eliminate all restrictions on foreign investments not included in its self-styled “negative lists”, a vice commerce minister said on Tuesday, signaling upcoming directives. Affects the S&P500
The U.S. ADP Nonfarm Employment Change will be released. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. Affects USD.
The U.S. GDP (QoQ) for Q3 will be reported. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. Affects USD.
The Canadian BoC Monetary Policy Report will be announced. The Bank of Canada’s Monetary Policy Report gives investors a detailed insight into the economic conditions that influenced the decision on where to set interest rates. Affects CAD.
The Canadian BOC Press Conference will take place. The Bank of Canada (BOC) press conference looks at the factors that affected the most recent interest rate decision, the overall economic outlook, inflation and offers insights into future monetary policy decisions. Affects CAD.
The U.S. Fed Interest Rate Decision will be given. Federal Open Market Committee (FOMC) members vote on where to set the rate. Affects USD.
After a successful week, the price of oil fell sharply. This happened due to the uncertainty of the OPEC countries about reducing the extraction of raw materials in December, as well as the fading euphoria from the negotiations between China and the United States.
According to technical analysis, the cost of raw materials may continue to decline.
This currency pair’s chart tried unsuccessfully to break through the lower border of the “flag” figure. This behavior of quotes may mean the asset is ready for growth.
The company’s stock may come under pressure from the contact of prices with a global downtrend.
GBP/AUD on this day in history
- Since 2000, October 30 has been a trading day 14 times.
- On 50% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.11%
- The trend down was limited to 1.58%.