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  1. Brent. October 19, 2020 – Oil fixed at comfortable levels Brent oil prices have consolidated above $42 per barrel. The current quotation of the asset is $42.77. Today, markets are focused on the meeting of the OPEC + ministerial monitoring committee. The parties to the agreement will meet to assess the state of the market, and it is unlikely that any decisions will be made regarding the supply. This will most likely happen at a meeting scheduled for November 30 – December 1. One of the scenarios for the forthcoming report assumes that the oil market in 2021 will be characterized
  2. EUR/USD. October 16, 2020 – The euro is growing slightly from the level of 1.17 On Friday, the EUR/USD pair is growing moderately from the level of 1.1700, the current quote is 1.1725. During the current week, the euro showed weakening, responding to a decrease in demand for risky assets due to political and economic uncertainty in the United States and the worsening epidemiological situation in Covid in the world. Experts note that restrictive measures have been reintroduced in many European cities, since they recorded significant jumps in the incidence of coronavirus. Addition
  3. USD/CAD. October 15, 2020 – Dollar hits 1.32 amid spread of second wave of coronavirus On Thursday, the USD/CAD pair continues to trade near local highs just above the 1.3200 level. The US dollar is gaining support amid rising market concerns about the spread of the second wave of coronavirus worldwide. In addition, investors drew attention to the suspension of trials of the Covid-19 vaccine by two US pharmaceutical companies due to the appearance of side effects. Today the macroeconomic calendar is almost empty. Only data on the US labor market from ADP and speeches by members
  4. EUR/USD. October 14, 2020 – Euro declines amid negative external background The euro is losing ground on Wednesday, dropping to 1.1715. Demand for the US dollar rose after news of another deadlock in the Brexit negotiations, a new lockdown in the UK and the suspension of coronavirus vaccine testing by two pharmaceutical companies. At the same time, the dollar is supported by statistics from the United States: the inflation rate increased by 0.2%, increasing for the fourth month in a row. Today you should pay attention to the statistics on the US producer price index in September, as
  5. EUR/USD. October 13, 2020 – Dollar grows in anticipation of inflation data On Monday, the EUR/USD pair started to decline from the level of 1.1830. Today the downward trend continues, the current quote for the pair is 1.1780. Pressure on risky assets came from yet another unsuccessful congressional negotiation on a new stimulus package. Nancy Pelosi has again rejected proposals from Donald Trump's team, which increases the likelihood that a decision on stimulus will not be made before the presidential elections on November 3. Moreover, the growing gap in the rating of Joe Biden,
  6. USD/CAD. October 12, 2020 – Canadian dollar strengthens to 1.31 At the beginning of the week, the US dollar is weakening across the entire spectrum of the market, which allowed the USD/CAD pair to fall to the 1.3100 area. The current quote is 1.3135. The weakening of the US dollar was fueled by news of the resumption of talks by US lawmakers on an additional fiscal stimulus package. Market participants expect that an agreement between Democrats and Republicans will be reached soon, which will weaken the national currency. At the same time, the Canadian dollar is receiving suppor
  7. EUR/USD. October 09, 2020 – Euro has returned to the highs of 1.1800 On Friday, the EUR/USD pair continued its confident ascent and reached the 1.1800 level. Interest in risky assets returned to the markets after Donald Trump announced that Nancy Pelosi, the President of the House of Representatives of the Congress, was ready to conclude an agreement on an aid package that would support the airline industry. The aid also involves a one-time financial payment to the American unemployed in the amount of $1200. However, the rally in the European currency may be restrained by alarming ne
  8. EUR/USD. October 08, 2020 – The pair is volatile above the 1.1750 level On Thursday, the euro fell to 1.1750 after rising to 1.1780 earlier. On Tuesday, US President Donald Trump unexpectedly stopped negotiations with Democrats on an economic aid package, which led to the escape from risky assets and strengthening of the US dollar. On Wednesday, the head of the White House said that he was already ready to sign some stimulus measures. Congress immediately voted for the government bills, which, among other things, include a package of measures to support airlines. The dynamics of
  9. EUR/USD. October 07, 2020 – Trump has increased the volatility of the pair At the end of Tuesday, the EUR/USD pair dipped to the level of 1.1745. Increased trading volatility was observed throughout the day, since after the discharge of American President D. Trump from the hospital, the demand for risky assets increased, and the euro managed to grow to 1.1765. However, then Trump surprised the markets with his decision to end negotiations with Democrats on additional stimulus, which led to an increase in demand for the US dollar. Trump noted that he does not want the money to go to h
  10. EUR/USD. October 06, 2020 – Euro strengthens amid growing appetite for risky assets At the trading on Monday, the EUR/USD pair managed to rise to the level of 1.1800 amid increased demand for risky assets after the news of D. Trump's discharge from the hospital. Moreover, rumors emerged in the American session that an agreement between Democrats and Republicans would soon be reached on economic stimulus, further fueling investors' appetite for risk. However, on Tuesday the asset dropped to 1.1780. It became known that the American president, although he refused hospitalization, still
  11. EUR/USD. October 05, 2020 – Euro continues to move to new highs At the beginning of the week, the EUR/USD pair managed to recover to the level of 1.1760, retracing the weak data on the US labor market, published last Friday. At the end of September, the US economy was able to create only 661 thousand new jobs outside agriculture, while the last month was marked by an increase of 1.489 million. Analysts predicted an increase of 850 thousand. At the same time, the unemployment rate in the United States in September fell from 8.4% to 7.9%. The current quote for the pair is 1.1745. Some
  12. Brent. October 01, 2020 – Oil recovers after EIA report During trading on Wednesday, oil started to rise to $42.50 per barrel. The prices were supported by data from the US Department of Energy on crude oil reserves in the country. According to a report by the Energy Information Administration (EIA), oil reserves in the reporting week fell by 2 million barrels to 492.4 million barrels. Analysts predicted an increase in reserves by 800 thousand barrels. Now total US stocks are about 13% above the 5-year average. At the same time, gasoline inventories unexpectedly rose by 683 thousand
  13. USD/CAD. September 29, 2020 – Looney makes weak attempts to recover On Tuesday, the USD/CAD pair is showing a moderate decline, moving in the range of 1.3350-1.3400. The current quote for the pair is 1.3360. The trading instrument is in the area of local highs in anticipation of new movement drivers. In the context of the coming second wave of the pandemic, the US dollar feels more confident than the «Canadian». However, there are factors that put some pressure on the USD rate. In particular, this is the uncertainty associated with the upcoming presidential elections. The first
  14. GBP/USD. September 28, 2020 – Sterling is correcting after long weakening On Monday, the British pound rate is showing some growth, approaching the level of 1.2850. However, this recovery can be regarded more as a corrective movement against a long downtrend, since the fundamental background for the sterling remains negative. The British currency is still under pressure amid Brexit uncertainty. There is very little time left before the UK's exit from the EU, but the parties failed to reach an agreement on a trade deal. British Prime Minister Boris Johnson does not compromise with Bru
  15. EUR/USD. September 25, 2020 – The dollar is confidently moving to new highs The EUR/USD pair continues to decline on Friday, and the euro runs the risk of renewing local minimums in the 1.1620 area during the day. The current quote for the pair is 1.1635. The main support for the dollar, driving its growth, comes from the need of global investors for «safe» assets, as more countries mark the signs of a second wave of coronavirus. At the same time, market participants ignore the relatively weak American statistics. According to yesterday's data, the number of applications for unemploy
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