Fundamental analytics


Oil price declines on Wednesday amid renewed increases in COVID-19 cases globally and an increase in US crude oil inventories, raising concerns about an increasing imbalance between supply and demand in the market.  


On Wednesday, in Asia, the price of gold rose slightly due to declining yields on US Treasuries and growing concerns about the prospects for a global economic recovery amid a worsening epidemiological situation in many countries.

The dollar is trading steadily on Wednesday. 


The GBP / USD pair is holding in the green trading zone. 


On Tuesday in Asia, the EUR / USD pair tested the 1.2070 mark due to the strength of the euro and the continuing decline in the dollar index.    

The minutes of the meeting of the Reserve Bank of Australia published today showed that the regulator does not yet see the need for a hasty tightening of monetary policy. 


In Asia, oil prices fell slightly on Monday amid growing concerns about the spread of COVID-19, which could have a negative impact on the recovery in energy demand. In recent weeks, there has been a surge in incidence in India. 


Gold on Monday is trading near the seven-week high set on Friday. Demand for gold remains strong due to the declining US Treasury yields. 

At the start of the new trading week, the US dollar has slightly strengthened, but remains close to a monthly minimum amid negative dynamics in the yield of long-term US bonds after the Fed announced that a short-term surge in inflation would not lead to a change in monetary policy.

Last week was quite positive for the stock market.