The pair is trading above the 0.7270, supported by the demand for risk assets amid as Joe Biden is proclaimed as the President-elect. The pair is also supported by the rising expectations of a decrease in tension between Washington and Beijing, which will have a positive impact on the …
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 …
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