British pound is currently gaining value

British pound is currently gaining value

2020-11-03 • Updated

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Ichimoku Kinko Hyo

CAD/JPY: The CAD/JPY is trading within the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook.

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US Market View

  • Wall Street was set to open higher on Tuesday as investors bet on a clear win for Joe Biden in the most polarized U.S. presidential election in recent history. U.S. President Donald Trump and Democratic rival Biden made a last-minute push for votes in battleground states on Monday. Their campaigns were wary of possible legal disputes that could delay a clear outcome, but a wave of risk appetite swept through markets. Wall Street futures were up before New York trading began, buoyed by gains in Asia and Europe and by hopes that a Biden win would translate into more stimulus programs.
  • EURUSD has pushed higher north of 1.1700 in the European session.
  • USDTRY continues to climb during the European session Tuesday and now trading above 8.50.  

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