News, Trends & Analytics 04.09.2020

Is the calm on the oil market the end?

Today, the focus is on the sanctions against Moscow, JPMorgan’s success in China, and the fall in US gasoline demand.



12:30 UTC

The report on the change in the number of people employed in the US nonfarm sector for August will be published. The figure is expected to be 1 million. If the real data turns out to be higher, the USD will receive a positive stimulus.

Assets to trade: EUR/USD, USD/CAD, AUD/USD.

14:00 UTC

Ivey’s Canadian PMI will be released. The indicator is forecast to fall to 57 points. If the bottom line is higher, CAD will gain momentum for growth.

Assets for trading: CAD/JPY, EUR/CAD.



Amazon and Verizon may invest over $4 billion in India’s Vodafone Idea Ltd. Impacts Amazon

The poisoning of Russia’s political opposition leader Alexei Navalny could lead to new sanctions against Russia. Affects RUB

Germany will provide Elon Musk with all kinds of assistance in the construction of a Gigafactory in Germany. Affects Tesla

Falling demand for gasoline in the United States led to a sharp drop in oil prices. Affects Brent

JPMorgan will soon complete its acquisition of 71% of a Chinese investment company. Affects JPMorgan


Technical Analysis


Any geopolitical tension involving the largest countries has become a reason for the sale of oil. At the same time, the positive report on raw materials reserves, which were reduced by more than 9 million barrels, even went into the background. Nevertheless, volume sales of black gold began yesterday.

If quotes fall and consolidate below 44, we may witness a bearish trend to 39 in the near future.


The Australian dollar has completed its uptrend and has been under massive pressure in recent days. The pair’s chart found itself below the local high of 0 and can now reach 0.


The Triple Top pattern and the pin bar candlestick pattern on the daily timeframe indicate a high probability of a downward trend.


EUR/USD on this day in history

  • Since 2000, Sept 4th has been a trading day 14 times.
  • On 42% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 0%.
  • The downward trend was limited to 2%.
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