Donald Trump did not agree to the proposal for a digital debate by the Democratic party, therefore the cancellation was made. The debate was scheduled for this Thursday, October 15 in Miami and due to the contagions of the White House collaborators, it was proposed to do it in digital format. On the other hand, the market will not be friendly with the dollar given the postponement of the second stimulus plan until after the elections. The dollar will remain lower within the month of October. Meanwhile the uncertainty now moves to the European region. The UK will explore all avenues for a trade deal with the European Union, but progress is needed in the coming days to close significant gaps, Prime Minister Boris Johnson told Emmanuel Macron (President of France) on Saturday. Boris set a deadline for the summit on October 15 to reach an agreement. Meanwhile the EU is seeking a few more concessions before entering the final phase of negotiations.
Market forecasts for the week … EURUSD GBPUSD USDJPY USDCAD XAUUSD XAUUSD AUDUSD SP500 DAX.
EURUSD closed its week to purchase. Current market range 1.18 to 1.1850. The negotiations of the EU-UK agreement will be defined next week. Preference buy above 1.1840 to 1.1850 with extension to 1.1870. The lack of agreement will bring sales to the crossing, but it will be subject to the negotiations of the week.
GBPUSD closed its week to buy. Area maximums covered. Buy preference would continue above 1.3050 to 1.3080. Above 1.31 long-term possibility for the cross to 1.33. Next week will be crucial for the United Kingdom, buyers would return if an agreement with the European Union was reached.
USDJPY closed its week on sale. Buyers will be prepared to enter between 105.50 and 105.60. Our preference is selling below 105.50. We will have possible purchases between 105.40 and 105.50 even so the dollar is expected to continue to decline. The impact of the non-agreement of the stimulus plan and the cancellation of the presidential debate on October 15 could leave the crossing at 105.10.
USDCAD closed its week lower. We continue selling at the cross below 1.3130 and 1.3120. Below 1.3105 and 1.31 we will have sales up to 1.3080 and 1.3070.
XAUUSD XAGUSD gold and silver commodities closed higher. Once again without confidence in the major crosses the market leans to commodities. Silver enters buy and is heading to the 25.0 and 26.0 levels. Gold also positions itself in the market and takes the price to the area of 1940.0 and 1950.0. Commodities will drive the market next week.
AUDUSD closed the week higher. We expect to have the cross within 0.7250 to continue buying. The price range could continue buyer until 0.73.
International indices SP500, DAX, US30. They closed their week higher and more buyers are expected next week.
& nbsp;
[/REGISTADO]
Leave a Reply
You must be logged in to post a comment.