FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1720
BTC/USD
42 453.14
GBP/USD
1.3685
USD/JPY
110.7455
USD/CHF
0.9235
USD/CAD
1.2661
EUR/JPY
129.7948

US presidential candidates debate


30 September 2020

The first presidential candidate debate took place in the United States on Tuesday evening. At this point, the US stock markets were already closed, so the reaction of traders and investors was moderate. Nevertheless, already with the opening of the American trading session and stock exchanges in particular, the volatility of USD trading may increase significantly.

Sales in the US stock market will help strengthen the USD after a fairly deep correction the day before. Let me draw your attention to the EUR / USD currency pair, the quotes of which returned not only above the important technical resistance level of 1.1700, but also tested the 1.1750 level. Therefore, a return of quotes below 1.1700 may trigger a wave of sales. But up to this point, active sales remain at risk.

The decline in oil prices cannot be ignored - there are enough reasons. Firstly, according to a report published by the American Petroleum Institute, reserves fell by less than 1 million barrels, and secondly, the key US stock indexes are falling - a bad signal for the entire commodity market. Therefore, it is imperative to pay attention to the data from the US Department of Energy, which will be released today. The growth of reserves may greatly aggravate the current situation in the “black gold” market.

The decline in oil prices is negative for the CAD, while it is important to pay attention to the forthcoming publication of the report on changes in GDP growth rates. Unexpectedly weak data in the report may increase pressure on CAD. Let me draw your attention to the projected slowdown in GDP growth. Considering all this, trading activity in the Canadian dollar may increase significantly.

By the opening of the American trading session, the quotes of the USD / CAD currency pair were holding below the technical resistance level of 1.3415, but the demand for the pair remained stable. Therefore, even a slight strengthening of the USD or a decline in oil prices can significantly strengthen the pair, returning it to the area of ​​1.3490-1.3510.

#source

Related

Space tourism takes off and opens colossal market
Space tourism takes off and opens colossal market

Space tourism is definitely on the rise. According to Bank of America Merrill Lynch, it could represent USD 2.700 billion by 2045, against 400 billion today...

24 Sep 2021

All Eyes On The BOE Meeting
All Eyes On The BOE Meeting

US and European futures are trading higher today, following the Fed’s announcement yesterday that the economy is exhibiting signs of strength and...

23 Sep 2021

Stocks steady on Evergrande debt assurance
Stocks steady on Evergrande debt assurance

Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet

23 Sep 2021

Stock Futures Trade Sharply Lower
Stock Futures Trade Sharply Lower

Futures in the United States and in Europe are trading sharply lower as investors worry about the domino effect of Evergrande’s massive plunge on the Chinese property market..

21 Sep 2021

Oil market: the unbalanced demand and supply
Oil market: the unbalanced demand and supply

Oil prices climbed to higher grounds in the most recent daily sessions adding further to its upward momentum formed so far in September. The Oil market is running...

21 Sep 2021

US Markets lost major support, Asian Indices are melting
US Markets lost major support, Asian Indices are melting

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost...

20 Sep 2021


Editors' Picks

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.