Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex News

09.07.2020: USD could develop long-term downtrend (USDХ, DJIA, WTI, USD/CAD)

loader
views
Wall Street is trading sideways today. Investors are reckoning risks to the US economy from a surge in the coronavirus rates. The US dollar retreated to the lowest levels of June. Its index sank almost 1.5% against a basket of rival currencies.
Today investors take notice of weekly updates on the US labor market which came out beyond expectations. The number of first-time unemployment claims fell 99,000 to 1 million 314 thousand. Market participants had projected a more moderate decrease to 1 million 375 thousand. The number of initial jobless claims has been declining for 14 weeks in a row following a record spike to 6.87 million after lockdown measures were imposed. The fresh update encouraged market participants. Nevertheless, investors cannot neglect rampant infection rates in the US. Thus, they prefer a cautious approach today, refraining from long deals.
Futures on the benchmark US stock indexes opened today with mixed dynamics. Futures on the Dow Jones edged down 0.2% to trade at 25,964.5. The S&P 500, on the contrary, rose 0.13% to 3,168.42.
The US dollar is trading under selling pressure. In the late New York session yesterday, the index dropped sharply across the board. Today, it is trading lower, testing the lower border of the trading range at 96.34. The current dynamic of the US currency could signal that markets have hit the bottom and the crisis has passed its peak.
Investors are regaining appetite for risk. Business activity is reviving in advanced economies around the world. Consumers are willing to spend money again. Besides, investors are revising their portfolios.
Interestingly, the Federal Reserve has serious doubts about resilience of the US economy. The market views such doubts as a sign that the regulator is ready to expand bond buying programs for its balance sheet. This stance is bearish for the US dollar.
The Canadian dollar is again asserting strength amid the broad-based weakness of its American rival. The loonie also finds support from the overall bullish trend in the oil market. Despite a downtick today, both benchmark oil grades are trading firmly at comfortable levels. WTI settled up at 40 dollars 53 cents a barrel in the evening trade.
The Canadian dollar could face the prospects of a steady downtrend on condition that several headwinds come together such as the second pandemic wave, the bear oil market, and a downturn of global stocks.
If the resistance levels of 1.3580 and 1.3642 are broken, the USD/CAD pair will reverse upwards. Moreover, the pair could develop a long-term uptrend. Meanwhile, the pair is trading firmly below resistance. So, a good trading idea would be to open short positions.

https://www.instaforex.com

FX Analytics - https://www.instaforex.com/forex_analytics
Forex Calendar - https://www.instaforex.com/forex_calendar
Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv

Forex charts - https://www.instaforex.com/charts
Instant account opening - https://www.instaforex.com/fast_open_live_account
Forex Trading Contests - https://www.instaforex.com/forex_contests

List of official InstaForex blogs:
https://www.facebook.com/instaforex
https://www.instagram.com/instaforex/
https://twitter.com/InstaForex

#forex_news #american_session #instaforex_tv
← back to video list

ইন্সটাফরেক্স টিভির অনুষ্ঠানসমূহ

ইন্সটাফরেক্স টিভির অনুষ্ঠানসমূহ

মার্কেটের টিভি পর্যালোচনা

মার্কেটের টিভি পর্যালোচনা

ইন্সটাফরেক্স টিভি ক্যালেন্ডার

ইন্সটাফরেক্স টিভি ক্যালেন্ডার

ইন্সটাফরেক্সের ভৌগোলিক উপাত্ত

ইন্সটাফরেক্সের ভৌগোলিক উপাত্ত


বন্ধ
Widget calback
আমাদের বিশেষজ্ঞগণ
আপনাকে পাঁচ মিনিটের মধ্যে
কল করবে
ওয়েবসাইটের মাধ্যমে আমরা
আপনার কার্যক্রম পর্যালোচনা করব এবং
আপনার সকল প্রশ্নের জবাব দিব!
পছন্দের সংযোগের ধরণ
পছন্দের ভাষা
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
একটি কলব্যাক অনুরোধ গ্রহণ করা হয়েছে।
আমাদের বিশেষজ্ঞগণ যত দ্রুত সম্ভব আপনার সাথে যোগাযোগ করবে।
ভুল হয়েছে।
দয়াকরে আবার চেষ্টা করুন।
এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.