fbpx

Daily Markets Broadcast 2019-11-18

Daily Markets Broadcast 2019-11-18 - MarketPulseMarketPulse

image

Home/Daily Markets Broadcast/DAX/Indices/Market Pulse/Technical Analysis/Technical Analysis Indices

Share 0

Daily Markets Broadcast

2019-11-18

Trade hopes boost Wall Street

Upbeat comments on the progress in the US-China Phase 1 trade negotiations lifted US indices to record levels on Friday. Hong Kong protests intensify as police move to clear protesters from a university.

US30USD Daily Chart

Source: OANDA fxTrade

The US30 index hit a record high on Friday but has opened in the red this morning

The 55-day moving average has risen to 26,984 while trendline support could be found near the 27,250 level

US press report that US President Trump is considering a 2-week extension to licenses that allow US companies to use Huawei equipment. There are no major data releases scheduled for today.

 

DE30EUR Daily Chart

Source: OANDA fxTrade

The Germany30 index snapped a two-day losing streak on Friday as the mood on Wall Street helped sentiment

The 55-day moving average has risen to 12,563

ECB’s Visco said Friday there is a need to continue with unconventional measures to bring up inflation. There are no major data releases scheduled for today but we can expect speeches from ECB’s De Guindos and Lane.

 

WTICOUSD Daily Chart

Source: OANDA fxTrade

West Texas Intermediate (WTI) recouped all of Thursday’s losses, and more, on Friday as hopes for a trade deal surged

Prices touched the highest since September 24 on Friday but have opened slightly lower at the start of this week’s trading. The 55-day moving average is at $55.77 and has supported prices so far this month

A higher-than-forecast stockpiles reading on Thursday hit prices. The next data set comes tomorrow, with the API data to November 15 due. Last week saw a drop of 500,000 barrels.

 

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.

Andrew Robinson

Latest posts by Andrew Robinson (see all)

Original author: Andrew Robinson
TCL Electronics Renews Global Partnership with Net...
OPIM Wins the Best Hedge Fund Platform of 2019
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, 04 December 2022
 
     
 

Latest Spot Rate

 
Wait a minute, while we are rendering the calendar
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.