Since 3.08, the British pound shows a downtrend. Several factors contributed to " />Since 3.08, the British pound shows a downtrend. Several factors contributed to " /> Since 3.08, the British pound shows a downtrend. Several factors contributed to " />
› Market review, August 21 - 25, 2017

Market review, August 21 - 25, 2017

GBP

Since 3.08, the British pound shows a downtrend. Several factors contributed to this:
• Brexit. Six months ago this was a political decision. Now, british currency starts to feel the economic consequences of Britain's exit from the European Union
• Strike in the Bank of England. The first strike in 50 years, the main cause of which is the salary issue of bank employees
• 80 billion pounds fine from European Eunion for exiting the Eurozone.

According to recent polls, less than 30% of Britons believe in a painless exit from the EU without tangible consequences for the state economy.
At the moment, GBP has not yet reached its lowest point, and experts' forecasts converge in the further fall of the Pound. There are small corrections, from which you can make medium-term low trades.


Market review, August 21 - 25, 2017


USD

US economy is strong, and it continues its steady course. Weekly news evidence that. But by the end of last week, the strong strengthening of the dollar stopped due to the fear of the market. An unstable situation makes traders afraid of working in the currency segment.
The so-called shelter - assets as gold, silver, palladium, platinum and so on came to the fore, and at this stage, dollar is in uncertain situation, but if you take into account, that the ECB heads are concerned about the high euro price, and it was clearly stated in the protocol of the July meeting of the ECB. Now the task of the European Central Bank is to lower its currency rate as soon as possible.

And now there are 2 options for this to happen:
1) Add huge amount of money into the market and buy back all counter orders and impose a new trend.
2) Declare or hint at the continuation of the QE program.

Second option is more probable. Because exactly because of the misunderstanding of the head of the ECB Mario Draghi, market participants started to buy euro, as they believed in abolishing the quantitative easing program, and that caused the growth of the euro.


Market review, August 21 - 25, 2017


Tesla

The first delivery of a new model of the Tesla 3 car took place on July 7, 2017. Since then, more than 500,000 orders for this car have been received. The products of this company are becoming more accessible to the consumer and therefore, the company's shares are growing.
Since the beginning of the year, the price per share has grown by $ 100. This allows us to make optimistic forecasts about the future of this company.

Despite this, all last week Tesla shares became cheaper, falling to $ 347 per share. In part, this was caused by the announcement of several automobile concerns that they plan to start the production of new electric cars.

Toyota Motor Co., Nissan, General Motors Co., BMW among them.
The technical analysis shows that now the price has approached the lower border of the rising channel and in the long term possible upward movement to the level of $ 359 or $ 374.

Market review, August 21 - 25, 2017


GOLD

As we predicted gold showed last week a steady growth. This growth contributed to the "chaos" in the market. Last week was full of nervous news, terrorist attacks, and, of course, the conflict between the US and the Nothern Korea.

That entailed increased demand for the drag. Metals.
The current week should be correctional. Market participants did not badly earn money last week.


Market review, August 21 - 25, 2017



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