The markets are moving. Here are the most recent and most relevant currency market charts and analysis you should know. Read more here!
The pair was moving slowly upwards and was expected to break out of a major resistance line, which was expected to put the pair in an all time high, followed by an impending “Golden Cross”. Hong Kong and the United States had a profitable relationship for decades, but recent events have raised doubts as to whether the relationship will last. The US was Hong Kong’s second largest trading partner, and for trade purposes, the United States treats Hong Kong as a separate territory from China. However, with the increasing intervention of China with Hong Kong’s politics, the country became a pawn with the trade war between the United States and China, and the US threatened to label Hong Kong as just another Chinese province and will lost its status as a “City World”. Histogram and EMAs 13 and 21 was expected to maintain its current momentum.
The pair is expected to have a steeper decline after a crossed over between Mas 50 and 200 created the “Death Cross”. Despite the Singaporean citizens with Chinese ethnicity comprising 76.2% of the country, Singapore was still committed to the United States when it comes to the issue of the South China Sea, wherein China claims 90% of the disputed area with its “Nine-Dash Line”. The Singapore strait was the nearest passageway towards the Indian Ocean where Sri Lnka was located. China holds a major post in Sri Lanka after the company defaulted with its Chinese debt. Singapore is considering of replacing its fleet of F-16 with the more advanced F-35 stealth fighters from the United States. Singapore’s Prime Minister Lee Hsien Loong reaffirmed the country’s commitment with the United States on their bilateral relationship. Histogram and EMAs 13 and 21 is expected to reverse back in the following days.
The pair found a strong support from the uptrend channel’s resistance line, and was expected to break out of its resistance line after its three (3) attempts failed. Denmark had been increasingly important in the creation of the European Union’s policies. It was one of the countries to call for sanctions against Iran and Russia. Denmark has a defense opt-out clause in its EU ties, which means that it does not take part in military matters. However, the EU’s de facto leader and French President Emmanuel Macron told that Denmark can do more for the European Union, especially now that the EU is planning for a European Union Army after German Chancellor Angela Merkel and French President Emmanuel Macron renewed their commitment towards directing the EU in a Germany-led “Super State”. Histogram and EMAs 13 and 21 was expected to be neutral, supporting the pair’s slow upward movement.
The pair was seen to further go lower in the following days after it failed to break out of 50 MA. Turkey’s relationship with the European Union is sliding, despite increasing the accession process for Turkey to become an official member of the EU. In the recent months, the world had seen how Turkey re-established its relationship with the United States after the killing of Jamal Khashoggi. However, the US sided with the Kingdom of Saudi Arabia amid strong ties between Trump and the Royal family. This pushed Turkey to pivot to the European Union, but the country’s motives are in question after it requested to speed up the process of its acquisition. And with the Venezuelan crisis, Turkey sided with Russia and China and had accused the European Union of seeking to ouster Nicholas Maduro in defiance of democracy. Histogram and EMAs 13 and 21 will continue to fall lower in the following days.