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.

WTI crude oil ended the trading session on Thursday lower, sagging below $ 42 per barrel. The corrective impulse continues today, which increases the likelihood of closing the day in negative territory.

Traders believe that the rise in oil prices could have stalled due to concerns that fuel demand will remain weak for many months or even years due to the negative impact on the global economy of the coronavirus pandemic. The pressure on the quotes could also come from the data, according to which oil reserves in the Cushing terminal, the main US oil storage facility, this week rose to 52 million barrels - the highest level since the end of May.

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Nestle #NESN stock analysis

The general trend of Nestle shares is upward. The descending structure is truncated. The Awesome Oscillator shows a Bullish divergence, and the Stochastic Oscillator signals that Nestle shares are oversold.

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.