Analytics

News, Trends, Analytics 14.11.2019

Trump pushed the markets down

Today’s focus is on the protests in Catalonia, a major order for Airbus, and Trump’s statements.

 

News

Catalans are protesting for independence from Madrid. Affects EUR


Russia will decrease the dollar part of its National Wealth Fund. Affects RUB


Markets decline after Trump’s promise to increase tariffs if they reach agreement with China. Affects S&P500


Airbus can get a large order from Air Arabia. Affects Boeing


British Labour leader Jeremy Corbyn promised not to hold a referendum on the independence of Scotland if he wins the election. Affects GBP

 

Calendar

09:30 GMT

The UK releases a report on retail sales. Analysts expect an increase of 0.2%. A smaller reading will affect the GBP negatively.


13:30 GMT

The US will update its PPI. Analysts expect an increase of 0.3%. If the result is smaller, the USD will get under pressure.


15:00 GMT

Fed’s Chairman Jerome Powell will deliver a speech. At the moment, the market expects a hint at a further rate cut. If there is no rate cut, S&P500 may get a negative push.


15:00 GMT

The US releases a report on the country’s crude oil reserves. Experts expect the reserves to increase by 1.6 mln barrels. If the reading is higher, the Brent price may go down.

 

Technical analysis

S&P500

After positive statements from both Chinese and US sides, the markets continued the bullish trend despite the obvious overbought. However, no trade deal between the countries has been reached yet. Donald Trump understands it, so he is beginning to pressure China by criticizing, which caused market sell-offs.

Although the S&P500 index continues to trade within the channel, traders begin to discern a triple top pattern, which may reverse the trend.

https://lh4.googleusercontent.com/h7fIzjNXUay7DIptGK8pBKKgTYnF4IYHz-BigkQZkGD68I5-XSb8Lu3_u3bJ2e4cMJBw4xqwWmoYLg3FGeSGItgI1dybzVUXr5kVDW4pOmqr2I7gyos3I2syxJ_QGzj5SPBaikxr

EUR/NZD

The currency pair lost support from the level of 1.73000 and now the quotes are likely to fall to 1.70,000.

https://lh3.googleusercontent.com/0F_qJH3GIAUYuwUt0nPMxd9RDIYn5vXFa1MJPk9KDDWvW0O_YTujmvPw0AhfV6PoSU6LeasDaOxwc7adjh1HTB3_uI9H0Gx53lrVT6ng_jvJL8R5CascKBUIMT9CQJjhtAf5KKhL

USD/CLP

Chile’s peso has shown strength, having formed a pin bar candlestick pattern for the first time since the beginning of the political crisis in the country.

https://lh3.googleusercontent.com/PwKXkbpmH1IEyu6tV4ptFzfl2CppxQu6_QUTSzD9GlLoOjiOaKwzAf4VtP_75vyfAizCoYbKWafHK47pSIV8PGtlL8r1YuwUxUgj6J-PwfTdMqApIRfx0flZ6RJ01spuPHWcwVC8

 

EUR/NZD on this day in history

  • Since 2000, November 14 has been a trading day 15 times.
  • On 53% of those days, the asset ended with growth.
  • The maximum reinforcement range was 2.76%
  • The trend down was limited to 1.06%.
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