Boeing to be investigated for antitrust violations, Oil remains unable to retain gains, & Germany is leading a bad European trend.
Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, people familiar with the matter said on Monday. Affects Boeing
Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restoration of Saudi oil output and by fresh signs of European economic weakness. Affects Brent
The euro fell on Monday after German flash purchasing managers’ index survey data for September was weaker than expected, raising more fears about the health of the economy. Affects EUR
Russian President Vladimir Putin has approved a government proposal to bankroll the modernization of the armed forces in the breakaway Georgian region of Abkhazia, a government document published online showed on Monday. Affects RUB
British opposition Labour leader Jeremy Corbyn said on Sunday his party would guide him on how to campaign in a second Brexit referendum, pledging to offer voters a choice between staying in the European Union and a “credible” deal. Affects GBP
The German Ifo Business Climate Index for September will be released. The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. Affects EUR.
The Brazilian BCB Copom Meeting Minutes will be published. Minutes of the Monetary Policy Committee (Copom) meeting of the Central Bank of Brazil. Affects the MSCI Brazil ETF.
The U.S. CB Consumer Confidence for September will be published. The Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. Affects USD.
The index of business activity in the manufacturing sector in Germany in September was reported at 41.4 points when it was forecast to come in at 44.0 points. This is the lowest rate since 2009.
The EUR / USD has a number of signs of decline, such as a breakdown of the head and shoulders pattern and repeated testing of the round level of 1,10000
Brent Oil may return to the level of 60.00, as this is the lower limit of the gap range. Also, a drop in the price of raw materials is indicated by the return of the chart to the channel borders.
The pair fell sharply against the backdrop of negative economic statistics from the EU, thereby entering the asset into the oversold zone. The indicator readings led to a change in the trend. Possible continuation of the upward trend.
EUR/CHF on this day in history
- Since 2000 September 6th has been a trading day 12 times.
- On 53% of those days, the asset ended with growth.
- The maximum reinforcement range was 1.4%.
- The trend down was limited to 0.28%.