Italy Global Trade Balance came in at €3.928B below forecasts (€6.917B) in August


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EUR/USD tumbles below 1.1750 amid covid concerns

EUR/USD has tumbled below 1.1750, a new weekly low, as concerns of strict covid-related lockdowns are gripping the old continent. Uncertainty about the elections is also weighing on markets.

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GBP/USD falls below 1.30 amid fears of a UK lockdown, Brexit impasse

GBP/USD has dropped below 1.30 as the British government mulls a new lockdown to curb the spread of coronavirus. The pound is also pressured by the Brexit impasse.

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Gold plunges to three-week lows, around $1877-76 region

Gold witnessed some heavy selling on Thursday amid a strong pickup in the USD demand. Weakness below the $1890 horizontal support further aggravated the bearish pressure.

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Bank of Canada leaves policy rate unchanged at 0.25% as expected

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following its October policy meeting.

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WTI bounces off lows near $37.00/bbl post-EIA

Prices of the WTI remain on the defensive albeit off lows. Demand concerns dragged prices to 3-week lows near $37.00. EIA reported an unexpected 4.3 mb build during last week.

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