Daily Market Analysis from ForexMart

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  1. #731
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    Daily Market Analysis from ForexMart
    Phòng khám đa khoa An Đức l* 1 trong số chi ph* chữa bệnh xã hội 2020 ở Thanh Hóađược xây dựng theo mô hình phòng khám đa khoa Quốc tế. Với những trang thiết bị tiên tiến cùng với trình độ chuyên môn cao của đội ngũ y bác sĩ, h*ng năm phòng khám đã chữa trị cho h*ng chục nghìn ca bệnh tại Thanh Hóa v* các khu vực lân c*n. Không chỉ v*y, An Đức còn biết tới như l* địa chỉ chữa bệnh nam khoa hiệu quả ở TP Thanh Hóa với việc chữa trị th*nh công nhiều ca bệnh yếu sinh lý, xuất tinh sớm ở quý ông.

  2. #732
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    Brent. November 18, 2020 Oil in positive territory despite negative external background

    Brent oil quotes continue to rise. Current price is $44.20 per barrel. Bulls were not stopped even by data from the American Petroleum Institute (API), according to which oil reserves in the United States rose by 4.2 million barrels over the week. Today you should pay attention to a similar report from the US Department of Energy.

    Yesterday, a meeting of the OPEC+ ministerial monitoring committee was held, which ended without recommendations for a production cut in 2021. Previously, market participants expected the committee to propose OPEC+ countries to extend the current level of production cuts until the end of the first quarter of 2021. The next meeting of the organization will take place only on December 16-17.

    The worsening epidemiological situation in the world can also change the current trend to a downward one. The high rates of spread of infection are forcing countries to introduce new social restrictions and quarantines, which, in turn, will inevitably lead to a decrease in economic activity and demand for hydrocarbons.

    EUR/USD. November 18, 2020 Euro weakly hovers below 1.19 level

    The EUR/USD pair continues to feel confident and is approaching the 1.1900 level. The current quote is 1.1880.

    The dollar is still under pressure from the likelihood of a new stimulus to the US economy. Earlier it became known that the Republicans have finally approved a new stimulus package, but now they are talking about an amount of$ 500 billion, although the volume of $1-1.5 trillion was previously discussed. Another uncertainty over the stimulus issue alarmed the markets again.

    However, the data from the US released yesterday provided some support to the dollar rate today. Industrial production in the country rose 1.1% m/m in October against the forecast of 1.0% m/m increase. In annual terms, the indicator slightly improved and amounted to -5.3% (-6.7% previously). Capacity utilization in October was at 72.8%, higher than the expected 72.3%.

    Thus, today the pair will fluctuate below the level of 1.19 in an attempt to determine the further direction of movement. The released data on inflation in the eurozone did not have a visible effect on the dynamics of the pair, since the indicator remained at the level of -0.3%, as expected.
    Regards, PR-Manager ForexMart

  3. #733
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    EUR/USD. November 19, 2020 Euro shows decline

    At the end of yesterday's session, the EUR/USD pair weakened to the level of 1.1810. The current quote for the pair is 1.1835.

    The drivers of the decline were the correction of stock indices and gold, which fell in price after the news from Pfizer. The pharmaceutical company said the new COVID-19 vaccine is 95% effective, up from the previously announced 90%. And gold, as a rule, correlates positively with the European currency, therefore, the decline in the precious metal caused a correction in EUR/USD.

    The EU summit on the fight against coronavirus kicks off today. Also on the agenda is the issue of the EU budget plan, which was previously blocked by Hungary and Poland. In the evening, the head of the ECB Christine Lagarde will speak.

    In the US, data on the number of applications for unemployment benefits will be published. It is expected that the number of initial applications may be reduced from 709 thousand to 685 thousand. And the number of repeated requests should decrease from 6,786 thousand to 6,250 thousand. Also of interest will be the publication of the index of manufacturing activity from the Philadelphia Federal reserve for November and statistics on second-home sales in October.
    Regards, PR-Manager ForexMart

  4. #734
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    GBP/USD. November 20, 2020 Unexpectedly strong retail sales data supported sterling

    Despite the growing risks of a hard Brexit, the GBP/USD pair continues to move to local highs in the 1.3300 area. The current quote is 1.3280.

    The dynamics of the pair was influenced by the statistics on the labor market in the UK. The number of applications for primary unemployment benefits for the week increased from 711 to 742 thousand against the forecast of 707 thousand. At the same time, investors were pleased with the reduction in secondary circulation from 6.801 million to 6.372 million against expectations of 6.47 million.

    Today you should pay attention to the publication of a report on retail sales in the country. The figure in October came out much better than forecasted: sales increased by 1.2% compared to September, when the indicator grew by 1.4%. The forecast assumed growth of only 0.1%. In annual terms, sales increased by 5.8%.

    At the same time, difficulties in negotiating Brexit continue to put pressure on the pound. Today it became known that negotiations were suspended again, now due to the discovery of Covid from one of the members of the negotiating team.
    Regards, PR-Manager ForexMart

  5. #735
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    in ro ham eslah kon:
    EUR/USD. November 23, 2020 Euro reached the level 1.1900

    EUR/USD maintains upward momentum, approaching the 1.1900 level. The current quote for the asset is 1.1890.

    Emotions after the presidential elections in the United States have gradually subsided and now all the attention of the markets is shifting to negotiations in Congress on a new stimulus package for the American economy. Moreover, support for risky assets at the moment is provided by news on the vaccine. The UK is expected to approve a vaccine from Pfizer this week.

    Friday's statistics from the euro area showed that consumer confidence in November deteriorated in line with forecasts: to -18.0 points against the October value of -16.0. For the European Union, the corresponding indicator fell in November to -19.0 points from the previous -16.5. The data is not very positive, but it was quite expected.

    Today we should pay attention to the index of business activity in the manufacturing sector in Germany: the indicator rose to the level of 57.9 points, which is better than the forecast of 56.5. Activity in the service sector fell slightly short of the forecast and amounted to 46.2. The composite index of business activity for the entire eurozone came out worse than expected: 45.1 points against expectations of 45.8. However, these data did not prevent the euro from continuing to strengthen.

    In the evening hours, the USA will present similar data. However, these data are unlikely to support the dollar, as experts predict a decline in absolutely all business activity indices. Thus, the weakening of the dollar will continue throughout the day.
    Regards, PR-Manager ForexMart

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