Pound up on Brexit hope with a deal
Yesterday, after the Fed’s news of interest rate cuts, gold fell below $1,500 and the dollar was stable. On Friday, assets swapped over, and oil rose again due to fears of worsening conflict in the Middle East.
Remember that the oil facilities of Saudi Arabia were attacked, after which Saudi Arabia, together with the United States, blamed Iran for this.
04:30 (GMT+3) China published data on the country’s upcoming monetary policy. The National Bank of China lowered its interest rate by 0.5 basis points, from 4.25% to 4.20%, to support the economy in the context of the US trade war.
15:30 (GMT+3) the July base retail sales index in Canada will be released. If the index is above 0.2%, this will be positive for the Canadian dollar (CAD).
Oil. Oil is growing amid a flare-up of conflict between US-Saudi and Iran. The latter threatens to respond by force to any aggressive actions in his direction. On Friday morning, WTI crude oil is $ 58.7. Brent futures are trading near $64.9.
Gold. The protective metal is growing on Friday, September 20th. In the morning, it is trading around $1,503.
Currency. On Thursday, the DXY dollar index was stable, but declining on Friday. In the morning, DXY is 98.2 against a basket of major currencies.
On the morning of September 20, the dollar is down 0.1% against the yen. In the morning, the pair USD/JPY is trading at 107.9.
The euro (EUR) continues to strengthen on Friday. In the morning, the EUR/USD pair is growing at 0.12% and is trading near 1.1052.
EU Commission President Jean-Claude Juncker said the European Commission is committed to signing a deal with the UK. Financial markets regard this as positive news, and as a result, the pound is growing at 0.39% on the morning of September 20. GBP/USD is trading around 1.2573.
Cryptocurrency . Bitcoin (BTC) returned positions above $10,000 and is trading around $10,192. In the morning, Ethereum (ETH) is down 1.2% and is trading near $218. Litecoin (LTC) is down 1.7% at $75.6.
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Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.