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20.09.2019 - 14.09.2019
The Reserve Bank of Australia publishes a detailed report on the results of the meeting of the monetary policy commission. The report is published two weeks after the meeting. A “dovish” can lead to a depreciation of the AUD, while a “hawkish” one will lead to its increase.
On the H4 chart, the instrument is corrected in the lower part of Bollinger Bands. The indicator reverses down, and the price range expands, indicating a continuation of the downtrend. MACD histogram has moved to a decline, forming a weak sell signal. Stochastic is approaching the overbought zone from below, a sell signal can be formed within 1-2 days.
Shares of Snap Inc. are traded at a discount of 3.7% to the monthly maximum, strengthening since the middle of last week. Since the beginning of the year, the emitter's quotes grew by more than 190%. Following the results of the last quarter, Snapchat showed an increase in active users by 3.2% compared to last year, which is the best among competitors, Facebook and Instagram. The Wall Street expects this trend to continue in Q3 with an increase in the subscriber base to 206 million active users.
In Mastercard stocks, a correctional strengthening from a monthly minimum is observed. At the moment, the instrument is trading at a discount of 5.8% to a 52-week high of September 9. The company entered into a partnership with the R3 blockchain software provider following the previously acquired Transfast company. These steps are aimed at improving solutions for international payments in the field of B2B.
The EUR/USD pair moves within a broad downward channel. At the end of last week, the price fell before the ECB interest rates decision.
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI is falling, having left the overbought zone. The Composite is testing from above its longer MA.