EUR/USD very little changed since this morning
EUR/USD very little changed since this morning trading at the area of 1.1680, while USDJPY is trading at 104.50
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Information is not investment advice
Will S&P 500 stop falling?
S&P dropped to the one-month low amid the overall risk-off market sentiment.
The black gold looks set for the first weekly rise in three weeks
Futures are back in 'red' this morning following a few disappointing tech earnings reports after the US closure.
ECB remains pessimistic about European economy
ECB's Jochnick supports that the possibility of a double-dip recession cannot be ruled out yet
All eyes on ECB as risk off remains strong
EUR/USD is trading below 1.1750. Any further downside pressure will push prices down to 1.1730 and even lower to 1.1700.
Election may push gold up
Gold is trading sideways around the $1 900 level, but Biden’s victory will drive it upwards.
USD/JPY trades to a new session low
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
Dollar keeps slightly softer as risk on returns
Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a month
US Dollar Strengthens
Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
Brexit deadline is set on Halloween
GBP/USD has bounced off the key support of 1.30 and turned to the upside. The pound is widely anticipated to rally further amid rising hopes for the end of Brexit talks this weekend on Halloween.
Risk Off Returns Strong
Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
EUR/USD enters a consolidation period
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.