The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Market updates on August 28
- The governor of the Reserve bank of New Zealand made some remarks on keeping the NZD weaker. As a result, NZD/USD inched lower to the 0.6334. The pair has been trading at the lowest level since 2015. If this level is broken, the next support will lie below the lower border of the descending channel at 0.6297. If the pair recovers, the first resistance level will lie at 0.6366. After the break of this level, the resistance at 0.6391 will be in focus.
- Brexit news continues to move the pound. Reportedly, the Queen will be asked to prorogue parliament. She is expected to make a speech on that matter on October 14. That means the opposition parties will have a little time to organize. GBP/USD plunged below the 1.2211 level on the news. The next support levels will lie at 1.2171 and 1.2147. From the upside, pay attention to the 1.2293 level, which will be broken in case of a reversal.
- After the slide towards the $1,532 level, the price of gold managed to restore its positions. It is currently moving towards the resistance at $1,544. If this level is broken, the retest of $1,555 will be possible. If the risk-on sentiment increases, the price will slide downwards to the support at $1,532. After the breakout, the price will fall as far as the $1,525 level will be reached.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
The British yearly CPI will be released at 11:30 MT on January 15
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?