WEDNESDAY 14 OCTOBER 2020 5 .00PM EUR Industrial Productio n m/m 8. 3 0PM USD Core PPI m/m 9 .00PM GBP MPC Member Haldane Speaks 9 .00PM USD FOMC Member Clarida Speaks 10. 3 0PM USD FOMC Member Quarles Speaks The time stated in this report is in local Singapore Time or GMT +0800. - H opes for more US financial stimulus dimmed as both Democrats and Republicans looked nowhere close to any compromise on the package. - US Dollar finds support at 93.025 levels and strengthens to a high of 93.590. US DOLLAR INDEX GBPUSD NEWS The UK pound weakened as the UK returned to lockdown and as the UK Brexit negotiations deadline approaches on the 15 th October . UK’s August unemployment rate jumped to 4.5% versus forecasts of 4.3%, the highest since 2017. GBPUSD SENTIMENT At about 7 .00pm , GBPUSD moved DOWN from 1.3058 to 1.2921 at about 2.00am (Wednesday), for a movement of 13 7 pips. GBPUSD H1 CHART GOLD NEWS Gold prices extended its decline and fell back below US$1,900 on Tuesday on the lack of progress from the US fiscal stimulus negotiations while the US dollar rebounded. GOLD SENTIMENT At about 8 .00pm , Gold moved DOWN from $1,924.0 6 to $1,886.4 9 at about 10.00pm , for a movement of $37.4 7 GOLD H1 CHART US WTI OIL NEWS US and global crude oil prices rose on Tuesday (13 Oct) after UAE Energy Minister Suhail Al Mazrouei said at the Energy Intelligence Forum that OPEC+ is planning to ease output cuts by 2 million barrels a day in January (2021). US WTI OIL SENTIMENT Upside resistance levels at $41.58. Lower support levels at $39.45. USOI L H4 CHART