Americas Wrap

The major indices close lower but rebound into the close eases the pain NASDAQ index leads the way to the downside The major indices are closing lower on the day but did rebounded into the close which eased some of the downside pain.... Read full article ForexLive Americas FX news wrap: Dollar climbs on month-end flows Forex news for North American trade on October 30, 2020: Markets: - Gold up $12 to $1879 - US 10-year yields up 5 bps to 0.87% - S&P 500 down 63 points to 3246 It was month-end and that added an extra wrinkle to an already-uncertain time. The result was a strong dollar bid into the London fix that was... Read full article CFTC commitments of traders: EUR longs remain the major position in currencies Forex futures positioning for the week ending October 27, 2020. - EUR long 156K vs 166K long last week. Longs trimmed by 10K - GBP short 7K vs 2K short last week. Shorts increased by 5K... Read full article US 10-year yields rise to the highest since June Treasury yields break the high US 10-year yields are now up 4.4 bps on the day to 0.8670%. It's highly unusual to see US stocks down 2-3% and Treasury yields higher.... Read full article US daily virus cases hit 90,000 for the first time Record high cases in the US I would argue that the biggest reason the market is where it is right now is the pandemic, not the election. The next few months are going to be rough.... Read full article Read The Full Feed Latest Forex Orders Look for US dollar buying at the month-end fix What to watch for at 1600 GMT The London fix is an hour later for North American traders this week week that usual because Europe has moved its clocks but North America doesn't until Sunday. That means it's at 1600 GMT (noon ET). The final output of this month-end fixing model point to USD buying into today's fix, according to data from Citi, and Credit Agricole Research.  "As of asset index closing values of 28 October, the estimate for this month-end's FX hedge rebalancing needs has flipped to a moderate USD buy from a sell-signal published in the preliminary estimate earlier this week. This could be clouding the picture for FX vs equities," Citi notes.  "The moves in equity markets, when adjusted for market capitalisation and monthly FX performance, suggest that month-end portfolio-rebalancing flows are likely to be neutral-to-mild USD buying across the board with the strongest buy signal in the case of the USD vs JPY," CACIB notes. For bank trade ideas, check out eFX Plus   All Forex Orders Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network

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