EJexitEUR JPY 20200922 11.04

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silverexitSpot Silver 20201001 10.31

 

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GBP USD exit

The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, adding to background optimism that a deal can be reached at the eleventh hour. Nonetheless, Terence Wu from OCBC Bank expects the cable to be capped by the 1.30 mark. Rhetoric from the negotiators on both sides were nowhere near optimistic, although intervention from EC President von der Leyen and PM Johnson kept the talks going. The fact that the talks would continue was enough to suppor the GBP.

GBP USD 20200924 19.20

 

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UCADexit

The USD/CAD pair extends its downside consolidative mode near two-week lows below 1.3200, mainly weighed down by the persistent downbeat mood around the US dollar when compared to its major rivals.

The recent downtrend in the greenback is mainly tied to the market optimism on the US fiscal stimulus hopes, as the Republican and Democratic policymakers agree on a final push to reach a comprehensive aid package after President Donald Trump abruptly abandoned talks earlier this week.
Loonie continues to find support from the recent surge in oil prices, courtesy of the Norwegian oil output disruption and risk-on market profile.

Also, markets remain hopeful of a sub-10% unemployment rate, as Canada is set to add 156.6K jobs in September. A beat on the Canadian jobs data could offer extra legs to the downside in the spot.

USD CAD 20201006 16.12

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OILexit

Prices of the barrel of the American reference for the sweet light crude oil prolonged the correction lower on Friday after President Trump tested positive for coronavirus following Tuesday’s presidential debate.

In the meantime, demand fears continue to keep crude oil prices depressed so far this week despite inventories in the US continue to shrink, as per recent weekly reports from the API (Tuesday) and the EIA (Wednesday).

Oil US Crude 20200929 11.22

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USD CAD 20201006 16.12

 

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EUR CAD EXITEUR CAD 20200901 11.21

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