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Wednesday, October 21, 2020

FX Brief OCT-21-2020


 US Market Wrap 

US markets opened the day higher, before eventually surrendering a portion of those additions. 

Indeed it was the discussion around boost that fed slant at an opportune time, before by and by falling endlessly. The supposition shifts were clear in the USD too, while the other danger on forex combines likewise went with the same pattern. 

Information has been slight throughout the week and that isn't probably going to change, so we will be helpless before US legislative issues for the remainder of this current week. 


The Data Agenda 

At an early stage today we will be looking to the UK to get the most recent CPI information. The GBP/USD is hoping to see a humble increment back to 0.5%. 

There is little on offer for the EUR/USD in spite of the fact that we do get with the ECBs Lagarde, in any case, she has been seeming a ton as of late and there is minimal new data coming out. 

In Canada, we get the most recent retail deals information and the USD/CAD could be floated by a sharp bounce back as we've seen in different nations emerging from COVID. 

While later in the US meeting, we get the week after week WTI unrefined petroleum stock information.


Author : Admin@GreenForexClub

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