1️⃣ Gloomy market mood sent the dollar higher, as US fiscal stimulus talk remains deadlocked ahead of the elections.
2️⃣ US unemployment claims are expected to fall further near 800K. The Philly Fed Manufacturing Index is set to remain in positive territory.
3️⃣ The UK pound advanced after the UK refrained from abandoning talks. Despite that, there are no progress has been made in recent talks about future relations between Brussels and London.
4️⃣ Coronavirus cases in Europe continue to rise, prompting additional restrictions across the Euro Area. France imposed a nighttime curfew in Paris and other cities. German officials warned that new measures are coming following a surge in infections.
5️⃣ ECB’s President Christine Lagarde will speak later in the day. The rising in coronavirus cases could trigger dovish comments and readiness to do more.
6️⃣ The aussie plunged drastically, after Reserve Bank of Australia’s Governor Phillip Lowe announced that the central bank could cut rates to 0.1% and leave rates at lower levels for longer.
7️⃣ Gold was trading around $1,900 following the lack of progress in US stimulus talks. WTI crude oil traded steadied around $41.
Follow us on the telegram channel for the latest news, tips, and various other information : MONSUN ASIA (MARKET UPDATE & ANALYSIS)