Fundamental analytics

All the attention of financial markets is still directed to news from the United States, where the vote counts of the presidential election continue. 


Analysis method - “Trend Potential”  

On Wednesday, Brent and WTI are trading in the green after the publication of unexpectedly very positive data on oil reserves from the API.


At the beginning of the trading day, gold showed a rather significant decline amid concerns about the outcome of the US presidential election. 

The US dollar won back some of Tuesday's lost positions against the euro and other major currencies amid the midterm election results in the United States. 


The GBP / USD pair is growing today thanks to the decrease in pressure from the dollar.


Bad news on COVID-19 continues to come from Europe, but EUR / USD is trading in the green today, thanks to lower dollar pressure.

Following the meeting today, the Reserve Bank of Australia reduced its key interest rate from 0.25% to 0.10%.


The oil market opened the trading week with a strong gap down. 


Gold at the start of the new week is trading in the green zone amid increased investor interest in defensive assets prior to the US presidential election.