Friday, November 6th, today’s news—daily new cases of COVID-19 in the US surpass the record-breaking 100,000. Global markets fall amid the uncertainty over the US presidential election results and the escalating pandemic, Treasury yields drop, the dollar is stronger. The price of Brent oil is $40.38, WTI—$38.18, EUR/USD is at …
The pair is trading above 103.45. Weak employment data in the US may increase the pressure on the pair, while Joe Biden’s victory in the presidential election expected by investors already weighs on it.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
Gold futures fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its highest since September 21, overlooking the retracement of the US dollar index for the third session from its highest since the 28th of the same …
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