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Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Information is not investment advice

GBP Remains Under Pressure

Asia equity markets take impetus from the tech-led rally in US as further results of the US election trickled in which shows Biden in the lead.

US dollar strength as Trump gains on key states

The odds of Trump re-taking the White House has risen quite substantially since yesterday. EUR/USD have dropped on this nearly a figure to from the 1.17's to 1.16's while now is trading in the middle of that range.

US ISM manufacturing: impact on the USD

Today's key event is the US election, where the Democratic party leads according to some polls. Joe Biden, the Democratic presidential candidate, has a 61% chance of winning the presidential election tonight according to the latest update from prediction markets.

EUR/USD fell below 1.1690

EUR/USD currently below the 1.1650. Everyone is waiting for the results of the US elections, and the direction of the EUR/USD will be determined them.  

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