Thursday, November 5, 2020

Americas Wrap


Here is what's on the economic calendar in Asia today - more from the RBA

Reserve Bank of Australia quarterly statement due today at 0030 GMT. Also coming up: 2130 GMT Australia - AiG Services PMI for October 0200 New Zealand inflation expectations data Q4. RBNZ survey of inflation expectations.... Read full article


Georgia has 47K of votes left to be counted

Trump leads by 12,835 votes now George's election official but is having a press conference and announced that some 47,000 votes remain to be counted. All are mail in ballots which have been skewing towards Biden.... Read full article


USDJPY falls to a new session low. Pair is down close to 1%

Sellers remain in control The USDJPY fell below swing lows from September and October near the 104.00 level earlier today. That break has been maintained (was a close risk level for shorts) as the price consolidated in the NY session. The pair is now breaking to new session lows. The price is currently trading at 103.473, as the pair... Read full article


Fed's Powell Q&A: QE purchases are providing strong support to economy

Powell comments in the press conference Powell was asked about QE. The initial justification was to improve market function. The market is functioning fine, so he was asked about scaling it back. He pivoted to saying it's helping the broader... Read full article


Stocks pushing toward session highs

Dow industrial average back up around 600 points For the 1st 4 days of the week, the major indices are up sharply:... Read full article

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Latest Forex Orders


Few FX option expiries for Thursday November 5 at the 10am NY cut

EUR/USD

  •  1.1750 686m euro amount
 USD/JPY
  •  105.00 964m USD amount
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