Today, the focus is on quarantine in the UK, a possible easing of the Bank of Japan’s credit policy, as well as the recommendations of Goldman Sachs.
The core US Consumer Price Index will be released. The forecasted figure is 0.2%. If the real data turns out to be higher, the USD will receive positive momentum.
Assets for trading: EUR/USD, USD/JPY
The UK imposes additional quarantine restrictions. Affects GBP
The Bank of Japan hints at the possibility of easing monetary policy. Affects JPY
AstraZeneca’s COVID-19 drug is undergoing extensive trials. Affects the S&P 500
American oil workers resume the production of black gold after Hurricane Delta. Affects Brent
Goldman Sachs recommends short positions against the US dollar. Affects USD
The largest investment bank Goldman Sachs recommended selling the US dollar in a note to investors on Friday. Bank analysts see no prospects for USD growth until the end of the year.
If EUR/USD gains a foothold above 1.18300, traders may start actively buying the euro again. If this scenario occurs, the bullish trend may continue to 1.20000.
The pair may reverse from the strong support level of 1.07400.
We believe that one of the most realistic scenarios for this asset is a drop in quotations to the lower border of the descending channel.
EUR/GBP on this day in history
- Since 2000, October 13th has been a trading day 13 times.
- On 30% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.95%.
- The downward trend was limited to 0.86%.