1️⃣ Yesterday's main news
- International oil prices sometimes fell 4%, recording 6 consecutive declines.
- The number of first jobless claims last week hit a new low since the outbreak of the disease.
- Yellen said the unemployment assistance program should be expanded.
- The Taliban declares the establishment of the "Islamic Emirate of Afghanistan".
- Facebook faces antitrust lawsuit again
2️⃣ Financial facts and data today
- The price of NYMEX New York crude oil for September futures is affected by the monthly change. The last transaction on the exchange will be completed on August 21, and the last transaction on the electronic exchange will be completed on August 21. Pay attention to the expiration notice. transaction location to control risk. Also, the expiration times of some US oil contracts on some exchanges are often a day earlier than the official NYMEX, so pay close attention.
The USDCAD currency pair rallied quite positively yesterday, surpassing the old peak area - the highest level since July 20 by :
- Expect the Fed to tighten soon --> Positive for USD.
- Good US economic data like "Unemployment Claims" decline ---> Positive for USD.
- Crude oil declines ==> CAD declines.
- Currently USDCAD has increased quite a lot, correction is necessary. The resistance area at 1.285-1.287 might consider selling today.
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