Nissan finally launched a longer-range version of its best-selling Leaf electric vehicle, set to take on a new breed of mainstream competitors like the Chevy Bolt and Tesla Model 3. The new Leaf will run about “50 miles (240km) on a single charge, about 40 miles more than its previous model,” according to Nissan. The Leaf, which is considered as the world’s best selling electric car, is facing increasing competition in the fast-developing green car industry as major automakers join manufacturers to develop high-tech, low-emission cars. The vehicle will be on sale in Japan as from October and elsewhere early next year.
The Canadian interest rate decision will be published at 14:00 GMT today and the Bank of Canada will also publish a general rate statement the same hour. This publication could generate good trading opportunities for the Canadian dollar. Two months ago, the central bank raised its cash rate to 0.75 percent. The Australian and New Zealand dollars held steady against their U.S. counterpart on Wednesday after Australia revealed its economic growth data and as tensions in North Korea continue to persist.
U.S. will communicate its ISM Non-Manufacturing Purchasing Managers Index (PMI) for the month of August at 14:00 GMT. The U.S. dollar edged lower against the Japanese yen today, pressured by North Korea risks and after comments from a Federal Reserve official about the U.S. inflation. Elsewhere, the banking giant HSBC became the latest company to cut ties with the troubled public relations business Bell Pottinger; who has lost many clients before.
The pair of AUD/USD was quoted at a record high of $0.80203 at 14:00 GMT in Tuesday’s session. The Australian dollar reacts to the central bank rate decision and Australia’s second quarter GDP which released earlier today. It dropped on the forex market and led the AUD/USD pair to follow a downtrend as from 01:00 GMT and it was last seen trading at the 0.79818 level by 04:00 GMT. If the Aussie continues to drop, the asset will fall further in today’s session.
After recording several bearish candles through the day, the EUR/AUD pair gained momentum as from 14:00 GMT to record bullish candles till 17:00 GMT at the 1.49062 level. Today, the currency pair started off on a bearish note at 00:00 GMT, but it started picking heights from the very next hour to reach a high level of 1.49258 by 04:00 GMT. It could gain more strength later through the day if any single currency changes trends, use the Limits Trading Tool.
Yesterday, the asset ended its session on a bearish note at 19285 points by 23:00 GMT. Asian indices traded mostly lower in today’s early trade session, tracked Wall Street’s slide overnight while the U.S. dollar was on offensive tensions in the Korean Peninsula. Japan’s Nikkei 225 share average fell to its lowest in more than four months on Wednesday. Around 03:00 GMT, it started trading bullishly and it could rise further through the day.
It is advisable to trade on stocks of Nissan Motors which is available on the TradeReplica tool.
In regards to today’s event, investors can consider the USD/CAD, GBP/CAD, EUR/CAD, AUD/NZD, NZD/USD.
Consider trading on the EUR/USD, GBP/USD and stocks of HSBC.