Yen and Franc Rise as US Election Has No Clear Winner Yet
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by...
Private payroll growth slows in October, well below expectations
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg via Getty Images Private job creation showed a sharp deceleration...
EUR/USD Remains Below 200-Hour SMA
On Tuesday, the EUR/USD currency pair pierced the 200-hour SMA near 1.1750. During today’s morning, the pair reversed south. It is likely that the exchange rate could remain under pressure of the given moving average and trade downwards in the...
USD/JPY Is Highly Volatile
During Tuesday, the USD/JPY currency pair depreciated slightly. During today’s morning hours, the pair was highly volatile due to the US Presidential election. From a technical perspective, it is likely that some upside potential could prevail in the market, as...
US Dollar Sinks As US Election Results Stream-In
The US dollar is up sharply as the market reacts to the streaming results from the United States. The dollar index is up by more than 0.90%, which is a sign that the market is getting cautious over the results....
Roller-Coaster Ride Started Even Before US Election Results
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture...
FOMC Preview – Fed to Discuss Asset Purchases Arrangement as Balance Sheet Surpasses US$ 7 Trillion
We do not expect any change in the monetary policy at the November meeting. That is, the Fed should leave the policy rate unchanged at 0-0.25% and the asset purchases program unchanged at US$120B/month. The central bank will maintain a...
Stock futures jump as U.S. election results roll in, Nasdaq futures surge more than 3%
Election officials count absentee ballots at a polling place located in the Town of Beloit fire station on November 03, 2020 near Beloit, Wisconsin. Scott Olson | Getty Images Stock futures jumped in volatile trading Tuesday night as results of...
Market Morning Briefing: Aussie Has Been Fluctuating Within 0.7222-0.7000
STOCKS A strong surge in the Dow and DAX yesterday on the US Election day and that has reduced the danger of seeing a deeper fall that we had been mentioning for some time. We will have to se how...
Fed Meeting and NFP Eyed as Markets Digest Election
It is the mother of all weeks for the dollar and stock markets. In the aftermath of the US election, traders will have to digest a Fed meeting at 19:00 GMT Thursday and the latest US employment report at 13:30...
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