Here are the most important charts and market analysis for today. Check them out!
The pair is expected to further go lower in the following days due to the impending “Death Cross”. South Africa had recently taken up its seat as a non-permanent member of the United Nations Security Council for a two-year term in January 01, 2019, of which the United States and China were among the five (5) permanent members of the group. South African Minister of Defense and Military Veterans, Lindiwe Sisulu, emphasized the importance of peace and stability as a catalyst for economic development and alleviating poverty in Africa. On January 02, South African Rand weakened as weak Chinese manufacturing data offset hopes that a trade war between the United States and China was ending. China invested $60 Billion in Africa as part of its Belt and Road Initiative. Today, January 03, the Deputy Governor of South African’s Central Bank, Francois Groepe, has resigned. Histogram and EMAs 13 and 21 is expected to continue to go down.
The pair was seen to reverse after hitting the resistance line. Today, January 03, marks the 31st day of the 60-day ultimatum that the United States had given Russia to comply with the nuclear pact, after US President Donald Trump threatened that he will withdraw from the INF (Intermediate-Range Nuclear Forces) Treaty. The withdrawal of either the US or Russia from the pact will pave way for the creation of a new generation of nuclear capable weapons. In the recent news, a former US Marine, who was to attend a wedding in Russia, disappeared on spying charges. US Secretary of State, Mik Pompeo, demands explanation from Russia. The Russian spying charges carry a prison sentence of up to 20 years. The CIA (Central Intelligence Agency made it clear that the former US Marine is not a spy. Histogram and EMAs 13 and 21 was bout to reverse.
The pair will continue to fall in the following days after hitting MA 50. United Kingdom’s Foreign Secretary, Jeremy Hunt, is scheduled to give a speech in Singapore on January 09 to outline how the Brexit will strengthen the UK’s link with Asia Pacific, North America, and the Middle East. He assured investors that the United Kingdom will remain a “global power” post Brexit, as the fifth largest economy in the world, with the second biggest NATO (North Atlantic Treaty Organization), and one of the globe’s two biggest financial centers. According to a recent report, the United Kingdom will surpass France’s economy in 2020 despite Brexit and talks of secession of Scotland and Northern Ireland from the United Kingdom. In 2030, experts also predicted that one (1) European country and four (4) Asian country will compose the five (5) biggest economies in the world, with the United Kingdom leading the Europe. Histogram was already in a selling pressure, wile EMAs 13 and 21 crossed over.
The pair was seen to further go lower in the following days, despite finding temporary support line. The announcement made by Apple Inc. over its lower revenue forecast for the previous quarter, amid fewer Iphone upgrades and slowing sales in China, sent ripples around world financial markets. Apple Inc. expects a revenue of $84 Billion for the recent quarter, 10.6% lower from analysts’s estimate of $94 Billion. Aside from that, the Dollar might have reached its peak after the Federal Reserve announced in December that it sees two (2) more rate hike for the year 2019, down from its former announcement of three (3). The Japanese Yen continued to be a safe haven for Forex Market during times of crisis and uncertainty. The United States and China had recently announced a trade war truce for 90 days, which will end on March 01, 2019. Histogram and EMAs 13 and 21 shows continued sell-off.