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The GBP / JPY pair during the trading session on Wednesday demonstrates an upward trend. The British currency opened the day at 133.56 against the yen and recovered to 133.81 by 15:30 Moscow time. Despite local growth, the pound is still vulnerable to further decline.

The price of gold has been declining for the second day in a row and by 10:00 Moscow time on Thursday is $ 1930 per ounce. XAUUSD quotes remain under the pressure of the strengthening dollar. The day before, the American currency almost completely ignored the publication of weak data from the ADP on employment, according to which in August the growth of new jobs in the US private sector was half the forecasted values.

The EURUSD pair is actively declining during the trading session on Wednesday. Since the opening of the day, the European currency sank 0.3% against the dollar and is quoted at 1.1870. It should be noted that the sell-off of the main currency risk continues for the second session in a row after an unsuccessful attempt by EUR buyers to gain a foothold above the psychological resistance of 1.20.

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The AUDUSD pair is declining on Wednesday trading, developing a corrective impulse formed at the end of last week. The Australian dollar is quoted at 0.7120 against its US counterpart.

Brent crude oil ended the trading session Monday with a rise of 1.5% to $ 44.88. The quotes were supported by hopes for the end of the global pandemic of coronavirus infection, which will soon allow the full resumption of cross-border air travel, which is considered one of the main indicators of fuel demand.

The bullish rally of the GBPUSD pair continues. During the trading session on Thursday, the British currency has renewed its maximum since the beginning of March at 1.3182 against the dollar, having received support from the results of the meeting of the Bank of England.

Brent crude ended Monday's trading session with a rise, recovering 1.1% to $ 43.83 a barrel. Oil quotes continue to support hopes for a further recovery in demand after the release of fairly good reports on business activity in the Eurozone and the United States.

GBPUSD is declining during the Monday trading session. By 3:00 pm Moscow time, the British currency lost 0.41% against the US dollar, slipping to the 1.30 area. The pound is under pressure from the local recovery of the dollar, as well as weaker-than-expected data on the UK industrial sector.

USDCAD is declining for the third week in a row. During the trading session on Wednesday, the US currency is consolidating against the Canadian dollar near the level of 1.3350. Market participants are selling the dollar ahead of the announcement of the results of the two-day meeting of the US Federal Reserve. In addition, among the factors that put pressure on the US currency, one can single out the negative consequences of the second wave of coronavirus, as well as the lack of progress on new measures to stimulate the US economy. The previous support package is due to expire on August 1, and the new one has not yet been approved by Congress. The main disagreements remain around the size of the package: Republicans are trying to cut budget spending and insist on the amount of $ 1 trillion, while Democrats are counting on $ 3 trillion.

The American currency continues to decline along the entire broad market. Losses of the dollar against the yen this week alone exceed 1%. During the trading session on Wednesday, the USDJPY pair is testing support at 105.00, maintaining the potential for a move lower.

EURUSD continues to trade at its highs since 2018, consolidating near the 1.16 resistance. Interest in the European currency is fueled by the results of the EU summit in Brussels, during which the leaders of European countries agreed on a fund to help the EU regions most affected by the pandemic, totaling 750 billion euros. On Wednesday, July 22, the euro broke the 1.16 mark against the US dollar for the first time since September 2018, gaining almost 1.5%. Compared to the lows shown in April, the European currency has risen in price by 8.5%.

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