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  1. USD/CAD. January 21, 2021 – Canadian dollar strengthens to 3-year highs The USD/CAD currency pair on Thursday dropped to the level of 1.2600. The Canadian dollar strengthened to a maximum of three years after the announcement of the results of the meeting of the Bank of Canada. As market participants expected, the regulator kept the interest rate unchanged at 0.25%. At the same time, it was announced that the rate would be near zero until at least 2023. The program of quantitative easing also remained unchanged, the volume of which currently amounts to 4 billion Canadian dollars per
  2. EUR/USD. January 20, 2021 – Euro continues to rise above 1.2150 On Wednesday, the euro continues to rise, reaching 1.2150. Yesterday, ex-head of the Federal Reserve System and future US Treasury Secretary Janet Yellen made a speech, which market participants were looking forward to. Yellen calmed the markets by assuring them of additional fiscal stimulus and promised not to interfere with the dynamics of the dollar. The politician also noted that in the post-crisis period, the United States needs a weak currency in competition and said that the Treasury Department will fight against
  3. EUR/USD. January 19, 2021 – The pair is awaiting Biden's inauguration On Tuesday, the major currency pair started recovering from the 1.2050 area. The current quote EUR/USD is 1.2135. Today the macroeconomic calendar is empty, but market participants have something to think over. For example, the results of the Reuters poll showed that the new stimulus package from the ECB is unlikely to have a positive impact on the European economy. In particular, we are talking about the already agreed PEPP package of 185 trillion euros, which was extended for another 9 months. Against the backdro
  4. EUR/USD. January 18, 2021 – Euro continues to decline The euro continues to decline against the dollar on Monday, reaching 1.2060. Weak economic statistics from the US, as well as uncertainty in the timing of the discussion of Joe Biden's stimulus program put pressure on risky assets. It is noted that the package of measures to support the economy proposed by Biden includes direct payments to Americans in the amount of $1,400, a temporary increase in payments to the unemployed, and an increase in the minimum wage at the federal level to $15 per hour. However, experts believe that the
  5. Note the changes in trading hours on January 18, 2021 Dear traders! Please pay attention to some changes in trading hours due to the celebration of Martin Luther King Day, a national holiday in the US. On Monday, January 18, Spot Metals (GOLD, SILVER, XAUUSD) trading will be closed earlier than usual – at 7:45 p.m. (terminal time). Energy futures: Natural gas trading will be closed at 8:00 p.m. Crude oil – at 7:45 p.m. Trading Indices (SPX500, JP225, DJ30, NASDAQ100) will be closed at 8:00 p.m. (terminal time). Trading other indices will not be restricted. Tradin
  6. GBP/USD. 15.01 | Consolidation in the 1.36-1.37 price range The GBP/USD pair continues to trade within the range of 1.36-1.37. The current quote is 1.3655. Currently, the epidemiological situation in the UK continues to deteriorate. Moreover, on the eve of the country's Ministry of Transport announced the cancellation of flights with a number of South American states and Portugal after the discovery of a new strain of coronavirus in Brazil. Despite this, the British currency continues to trade in the area of the recent two-year highs. The fact is that market participants still take i
  7. January 14, 2021 – Why is the oil market declining? Yesterday, Brent quotes updated an almost annual maximum at $57.38 per barrel, but today the asset has dropped to $55.77. The pressure on prices was exerted by data on changes in US oil product inventories. According to a report by the Energy Information Administration (EIA) of the US Department of Energy, crude oil inventories in the country fell by 3.2 million barrels for the week, while analysts predicted a decline of 3.8 million. A day earlier, API released a similar report, according to which oil reserves decreased by 5.8 milli
  8. ForexMart launches a new trading tool – Indices Dear clients of the company, We are glad to announce the launch of a new trading instrument, with which you can significantly diversify your investment portfolio. Now you can trade global stock indices, which will allow you to try yourself in securities trading and significantly upgrade your existing skills. The following indices are available for trading: SPX500, DAX30, UK100, JP225, DJ30, NASDAQ100. A list of indices can also be found on the trading platform. Thank you for choosing us! We do our best to make your tradi
  9. EUR/USD. January 13, 2021 – The pair cannot determine the movement vector The EUR/USD pair continues to trade in different directions, fluctuating within the range of 1.2130-1.2230. The current quote for the euro is 1.2165. Yesterday the dollar weakened across the entire spectrum of the market amid declining yields on US government bonds. Today, the US currency has turned around and is showing corrective growth. Today you should pay attention to the publication of inflation data for December. Analysts predict that the CPI added 0.1% mom after gaining 0.2% mom in November. Expert
  10. EUR/USD. January 12, 2021 – The dollar stopped his rally at the level of 1.2130 On Tuesday, the dollar suspended its growth in the area of 1.2130. The EUR/USD pair has been hovering at 1.2150 for the second session in a row. The euro received some support after the release of data on the consumer confidence index in the euro zone from the Sentix institute in January: the indicator rose by 1.3 points against a decline earlier by 2.7. However, these statistics turned out to be worse than the forecast of 2.0 points growth. The dollar continues to receive support from the election of a n
  11. GBP/USD. January 11, 2021 – The sterling starts the year weakening The GBP/USD pair continues to decline, reaching 1.3460. The sterling is under pressure from the negative fundamental background. In particular, due to the nationwide lockdown announced in the UK back on January 4, the blow to economic growth in the country will be more severe than in other European countries. Experts expect that GDP will fall by 2.7% in the first quarter of the year, and this may lead to a decrease in the interest rate by the Bank of England in February. Earlier it was expected that the regulator woul
  12. EUR/USD. 06.01 | Euro has renewed its maximum at 1,2340 The euro is trying to gain a foothold above the 1.34 level. The current quote for the EUR/USD pair is 1.2340, which has become the next maximum since the beginning of 2018. At the moment, investors are awaiting the election results from Georgia. As you know, Donald Trump continues to fight for the presidency, accusing the Democrats of rigging elections. However, the result of the recalculation should in no way affect the Fed's ultra-soft policy and monetary stimulus. Moreover, Democrats’ victory (with their stimulus plan) will o
  13. Fundamental Brent analysis for January 5, 2021 On Tuesday afternoon, world oil prices shifted to growth amid expectations of an OPEC+ decision to further cut oil production in February. The current quotation of the asset is $52.05 per barrel. The meeting of all OPEC+ countries was supposed to end yesterday, but the participants in the meeting failed to reach an agreement on the volume of reductions next month, and the debate will continue today. The meeting participants are discussing two proposals: to increase production in February by 500 thousand bpd or to keep production at the J
  14. EUR/USD. January 04, 2021 – Dollar falls against most currencies At the beginning of the first trading week of the new year, the US dollar depreciates against many competing currencies. In a pair with the euro, the greenback fell again to the level of 1.2300. The US currency is under pressure from growing appetite for risky assets amid continued optimism about the global economic recovery in 2021. The incidence of coronavirus in the world and the beginning of vaccination of the population in many countries remain the main topics of discussion by analysts. Bloomberg experts note that
  15. Brent. December 31, 2020 – What awaits the oil market in 2021? In April 2020, Brent crude hit multi-year lows, falling to $16 a barrel amid the onset of the Covid-19 pandemic and the price war between Russia and Saudi Arabia. At the same time, the price for American WTI crude oil fell into the area of negative values. Experts note that the consumption of crude oil and liquid fuels in the world for the year decreased by 9% (from 101 million barrels per day in 2019 to 92.4 million barrels). However, an agreement to cut oil production under OPEC + allowed oil to recoup most of the losse
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