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.
Tag - cad - canadian dollar
GBP/USD has just surpassed the hurdle at 1.3005
Last week saw many currency pairs reach September lows. This week will see the new US President announced, NFP, several central banks set their interest rates... and maybe some progress over Brexit. Pretty loaded, right?
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
This week the markets will continue to follow the progress over the US stimulus package…
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.
U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3.
UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations
Looking ahead, highlights from macroeconomic calendar include Eurozone CPI US Retail Sales and University of Michigan, European Council Summit and Fed’s Williams speech.