14.10.2020: USD gains upward momentum. Outlook for EUR/USD and GBP/USD

Traders expect the US dollar to resume rising at least against European currencies. The eurozone industrial production data almost met the forecast showing a decline of 7.2%. However, economists had predicted a bit smaller drop. The main reason for such

03.11.2020: How EUR and GBP may react to US election results? Outlook for EUR/USD, GBP/USD.

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Markets got stuck ahead of the publication of the US Presidential election results. The market stagnation is likely to take place until tomorrow’s Asian session. Notably, preliminary data will be revealed just after the US trading session. Let’s try to

19.10.2020: True or fake optimism ruling markets? (DJIA, USDX, USD/CAD)

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Futures on the benchmark US stock indexes are developing a steady rally. The US dollar was hurt by upbeat China’s GDP for the third quarter, strong gains in industrial output, and expansion in retail sales. The Canadian dollar is expected

26.10.2020: USD rises amid pre-election jitters (DJIA, USDX, USD/CAD)

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Wall Street is trading lower on Monday. The US dollar asserts strength. The Canadian dollar is giving to its stronger American rival. Futures on the US benchmark stock indexes are trading on the choppy bear market. Recently, futures were frequently

23.09.2020: USD climbs to two-month high (DJIA, USDX, USD/CAD)

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Futures on the US benchmark stock indexes are trading mainly higher. Besides, the US dollar is extending strength against a basket of six major rivals. The greenback hit the highest level in two months amid fears about the second pandemic

14.10.2020: Traders poised to sell USD (DJIA, USDX, USD/CAD, BTC/USD)

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Futures on the US main stock indexes are rising amid better-than-expected corporate reports. The US dollar is asserting strength. The USD/CAD pair is trading at the upper border of the uptrend. Bitcoin is losing stream. Futures on the benchmark US

18.09.2020: EUR and GBP to hold gains against USD? Outlook for EUR/USD and GBP/USD

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Today, traders are likely to sell the US dollar. As expected, the disagreement between the Fed’s representatives did not change investors’ attitude to the US dollar. Market participants have ignored the UK retail sales data. The indicator advanced by 2.8%

30.10.2020: Euro to fall further? Outlook for EUR/USD and GBP/USD

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The euro is under significant pressure caused by the ECB’s meeting results. Today, the euro’s drop accelerated after the publication of significant macroeconomic reports. Thus, the eurozone revealed preliminary estimates of its GDP growth rate in the third quarter. The

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