European Morning Wrap

Spain prime minister Sanchez set to declare state of emergency for Madrid Local media reports on the matter This comes after a Madrid court struck down a national government order that imposed a partial lockdown in the Spanish capital yesterday.... Read full article Gold keeps 1% gains on the day but faces key resistance levels to end the week Gold gains alongside stocks as the dollar slips Gold is keeping in a good spot as buyers are holding gains above $1,900 but from a technical perspective, there is more work to be done for the upside momentum to continue beyond the gains so far today.... Read full article 'Blue wave' election outcome has flipped from bear catalyst to bull catalyst - BofA BofA says the market is pricing in a Democratic victory next month, which could mean even more fiscal stimulus to follow The firm notes that bond funds have seen their second-largest weekly inflows ever of $25.9 billion, with the market starting to adjust to the current election odds by pricing a a 'blue wave' outcome in... Read full article Brexit: EU's Barnier to return to Brussels shortly after morning meeting with UK's Frost Reuters reports, citing an EU official on the matter It looks like today's talks aren't going to last that long, so I'm not sure if that can be taken as a positive sign given how recent developments are going. Either way, there will be no official statements from both sides as negotiations this week are "informal".... Read full article EUR/USD nears another test of 1.1800 as the dollar keeps weaker on the session EUR/USD buyers poised to try and build more upside momentum The risk moves over the past few days certainly has the suggestion that the market is starting to grow more comfortable about a 'blue sweep' and price action today continues to support that narrative for the most part.... Read full article Read The Full Feed Latest Forex Orders Notable forex options expiring on October 8 at the New York cut What's running off today EUR/USD 1.1745 and 1.1800 -- about 650m euros each USD/JPY 105.50 ($615m) and 106.15 ($386m) GBP/USD 1.2850 (GBP202m) NZD/USD 0.6540 (NZD225m) I wouldn't classify any of those as anything approaching large. 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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