News, Trends, & Analytics 22.10.2020

Will there be a trade deal?

Today, the focus is on Netflix’s unfortunate period, favorable forecasts by the head of the White House, and Michel Barnier’s statements.



12:30 UTC

The number of initial claims for unemployment benefits in the United States will be published. An increase of 860 thousand is predicted. If the real data turns out to be higher, the USD will decline.

Assets to trade: USD/CAD, USD/CHF

14:00 UTC

The report on the US Secondary Home Sales for September will be published. A growth of 6.3 million is expected. If the final data is higher, the USD will receive a positive push.

Assets to trade: USD/JPY, USD/CAD

22:45 UTC

New Zealand’s updated CPI for the third quarter will be released. Forecast: 0.9% growth. If the real data turns out to be lower, the NZD will receive a negative impulse.

Assets to trade: NZD/USD



A trade deal between the UK and the EU is still pending. Affects GBP

Netflix reported a drop in new user growth. Affects Netflix

White House chief of staff Mark Meadows said the new economic stimulus package could be passed before the weekend. Affects the S&P 500

PayPal will allow customers to store and transfer cryptocurrencies. Affects Bitcoin

Retail sales in Canada are declining. Affects CAD


Technical Analysis


Chief EU negotiator Michel Barnier said a trade deal with the UK could still be done. Barnier noted that the agreement is “within sight.”

The news led to the growth of the British currency, however, the upper border of the upward channel may lead to a stop in the positive trend.


The chart of the currency pair has formed a “triple top” reversal pattern, which indicates a weakening of the USD.


The asset chart may continue the positive trend amid negative statistics from Canada on the retail sales index.


NZD/CAD on this day in history

  • Since 2000, October 22nd has been a trading day 13 times.
  • On 70% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.24%.
  • The downward trend was limited to 0.57%.
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