Tuesday, October 20, 2020

Signals and Analysis from the DailyForex Trading Room - October 20, 2020

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Latest Market Analysis
USD/MXN: Minor Bounce to Precede New Breakdown Phase - 20 October 2020
2020-10-20 10:59:51

While Mexico lacks required Covid-19 testing capabilities, with just over 2,000,000 conducted on a population close to 130,000,000, the government of President López Obrador announced plans to purchase up to 34,400,000 does of a vaccine produced by Pfizer, if it meets specific criteria, this year.

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People's Bank of China Leaves Cash Rate Unchanged - 20 October 2020
2020-10-20 10:42:32

The People´s Bank of China announced its decision to leave the one-year cash rate unchanged for the sixth consecutive month at 3.85 percent, remaining in line with the analysts' expectations.

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USD/ZAR: Lack of Bullish Momentum to Result in New Sell-Off - 20 October 2020
2020-10-20 10:32:00

South Africa dropped out of the Top 10 list of most infected Covid-19 countries amid the second wave of infections sweeping across Europe.

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AUD/USD Forex Signal: Aussie Very Weak - 20 October 2020
2020-10-20 10:16:15

AUD/USD: 0.7000 area looking interesting as potential support

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USD/JPY Forecast: Lackluster Performance - 20 October 2020
2020-10-20 10:06:23

The US dollar rallied slightly during the trading session on Monday to kick off the week, as we have broken above the ¥105.50 level but gave back the short-term gains.

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