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Key information about the situation on the Forex today

Key information about the situation on the Forex today

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Erik Holm - Head of media

The risk appetite recovered amid news that the British Parliament had voted in favor of a bill to block Brexit without a deal. Asian indices rose, as did Wall Street futures and Treasury yields. Ozzy became the leader in the Forex market.

AUD / USD continued to grow and reached weekly highs at 0.6785, even though the growth of Australia's economy in the last quarter was minimal for 10 years. Kiwi also rose and tested at 0.6350 amid rising commodity prices. Looney is holding on to its previous positions amid rising oil prices in anticipation of a meeting on the monetary policy of the Bank of Canada. Meanwhile, the yen was under pressure, despite favorable PMI data in the service sector. The comments of the Bank of Japan representative Kataoka put pressure on the currency, and the pair USD / JPY rose above 106.

The pair EUR / USD remains at high positions under 1.10, reached yesterday on weak ISM USA data. The pound is trading near 1.2100 after rising on the news that the Johnson government was defeated in parliament. Next, the focus of the players will be PMI in the UK services sector.

Today, the Eurozone and Britain will publish PMI indexes in the service sector. Also, candidate for the post of head of the ECB Christine Lagarde will deliver a speech, and the focus of players will be another vote in the British Parliament.

The US and China today will publish trade data, but the main event will be the decision on the monetary policy of the Bank of Canada. Also in the focus of the players will be the speeches of representatives of the ECB and the Fed, as well as news from the front of trade negotiations.