Europe’s benchmark EU Stoxx 50 index may reverse lower as the presidential race between incumbent President Donald Trump and Democratic nominee Joe Biden narrows.
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Tuesday, 3 November 2020
Crude Oil Prices Rise on Falling Stockpiles, OPEC+ May Rein Output
WTI crude oil prices climbed for a third day on falling API inventory data and pro-Trump election forecasts. Russia and OPEC+ are in talks to extend output cuts by 3 months to shore up prices.
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Trump Vs. Biden on Economies and Markets
Depending upon the outcome of the November presidential election, the US economy could take very different tracks.
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S&P 500 Futures Seesaw on Presidential Election Uncertainty. Florida Update
S&P 500 futures are whipsawing as polls are indicating that the election may not be handed to Biden as easily as originally had been suggested. What are the key states telling us?
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Nasdaq, Hang Seng Drift Lower as Election Vote Unfolds, Ant IPO Suspended
US stocks registered a two-day gain as traders held their breath for the US presidential election. Ant Financial halted its IPO due to regulatory concerns, weighing on sentiment about Chinese tech ...
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US Dollar Price Action Setups as US Presidential Elections Loom Large
The US Dollar could extend losses against its major counterparts as presidential election vote counting gets underway. DXY, EUR/USD, AUD/USD, USD/CAD levels to watch.
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Gold Price Setup Ahead of US Presidential Election, Swing State Outlook
What is the outlook for gold ahead of the election, and how might it react to a Biden or Trump win? Investors are bracing for what will be an intense couple of hours.
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Dow Jones Charges Higher as US Election Day Unfolds, What Now?
The Dow Jones recorded its biggest daily gain since July as stocks charged higher ahead of the election. Unlike recent rallies, the move had broad participation and every sector was higher. What’s ...
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Gold Price Forecast: Gold Threatens Election-Night Breakout
Is this it? Are Gold prices finally going to break out again after spending most of the past four months digesting?
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USD Price Outlook: US Dollar Volatility Ramps into Election Day
USD price action is heating up with the November 2020 election day underway. The US Dollar has weakened sharply so far against major FX peers, but a volatile trading session could be in store.
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How Will Markets React to the 2020 US Presidential Election?
A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.
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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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EUR/USD Tests 1.1700 on Pre-Election US Dollar Weakness
The US dollar is weaker ahead of the US presidential election and that is helping EURUSD re-test the 1.1700 level. Client sentiment, however, remains bearish.
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US Election Playbook: What You Need to Know Ahead of the US Election
The US Election takes centre stage for market participants. Polls remain in favour of Biden, however, key battlegrounds show a tighter race.
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Trump Vs. Biden on Economies and Markets
Depending upon the outcome of the November presidential election, the US economy could take very different tracks.
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British Pound (GBP) Latest: GBP/USD Focus on Election, Brexit, Bank of England
The principal driver of GBP/USD short-term will be the results of today’s US elections but traders also need to keep one eye on the post-Brexit trade talks and this Thursday’s Bank of England meeting.
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DAX 30 Index Approaching Key Resistance As Germany Locks Down
Germany’s benchmark DAX 30 index is at risk of extended losses as local authorities hint at an extension of the nation-wide lockdown if Covid-19 cases continue to rise.
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Monday, 2 November 2020
Gold Price Coils Up Ahead of Election on Improved Sentiment, Weaker USD
Gold prices are coiling up in a tight range ahead of the US presidential election. Precious metal prices were underpinned by improved market sentiment and a weakening US Dollar.
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Will Trade Wars Persist After the US Election?
What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?
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Silver, Copper Brace for US Election Results, Fate of Stimulus, Trade Wars
Silver and copper prices are consolidating ahead of the US election with the fate of another fiscal package and trade wars on the table. How can these react in the days ahead?
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...