European Morning Wrap

Italy to introduce three-tier system to try and curb the spread of the virus As confirmed by Italian prime minister, Giuseppe Conte - This will divide the country into three areas based on degree of risk - There is a high possibility that 15 of 20 regions will exceed critical level of intensive care within a month, so we must intervene Italy steps up measures to deal with the second wave, with... Read full article What is the key risk for the market ahead of the US election tomorrow? What are the odds of the election result getting delayed? In my view, the key risk for the market is that we see a tightly contested election where there is no clear winner just yet. That could see neither side submit defeat and there might be a bit of a limbo that could take days -... Read full article Citi revises slightly BOE forecast, sees £75 billion QE boost this week No negative rates expected yet The firm now expects the BOE to increase QE by £75 billion as opposed to its previous call of a £50 billion increase, saying that the new package should run until May 2021.... Read full article Stocks surge higher on the session S&P 500 futures now up by over 1% Meanwhile, regional stocks in Europe are also gaining by over 1% for the most part with the DAX leading the way with gains of 1.5%.... Read full article Goldman Sachs cuts European growth forecasts amid virus resurgence, lockdown measures No surprises here I always make mention that when it comes to forecasts, especially during this time, take them with a pinch of salt. They mean little considering that there is no certainty on how the virus situation is going to progress and how governments will respond.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Monday November 02 at the 10am NY cut EUR/USD  1.1750 574m amounts listed are euro  1.1795 733m  USD/JPY  104.50 440m USD  GBP/USD  1.2960 239m gbp  1.3000 223m  1.3100 1.2bn  USD/CAD  1.3300 662m USD  NZD/USD  0.6600 265m NZD  EUR/GBP  0.8900 2.1bn euro  0.9000 1.5bn 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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