Tuesday, 3 November 2020

Sentiment Data Sending Bullish Signal for USD vs EUR Pre-Election, Bearish for SPX

IG client sentiment data, which track the positioning of retail traders, are sending out a bullish signal for the US Dollar vs the Euro but a bearish signal for the S&P 500 ahead of the US elections.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...