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. Read more » 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. Read more » 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. Read more » 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 Read more » 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. Read more » Want to read more signals? Visit our Technical Analysis page More from DailyForex: Forex Brokers Reviews Forex News Technical Analysis Bitcoin Brokers Got a smartphone? Get our updates directly to your phone with the latest version of our free app Join the free Forex Academy and find courses suited to traders at all levels! We hope that this analysis helps you find a profitable position in the Forex market. Happy Trading, The DailyForex Team 2020 DailyForex LTD. 1841 SW 63 RD TERR, North Lauderdale 33068, Florida, USA Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. This email was sent to you following your consent to our Terms of Service and your permission to receive from us emails notifying you of any promotions or new services we are offering. Please note that in accordance with the General Data Protection Regulation (GDPR) you may request to close your account and that your personal data will be deleted. To exercise this right you may contact DailyForex's support team: privacy@dailyforex.com.
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