Trading Patterns

Market reaction to US midterm elections should be quite muted – Danske Bank

Today, the center of attention is on the US midterm elections. Economists at Danske Bank do no longer count on the election end result to be a most important market mover in the near-term. US midterm elections today “Republicans are favoured to win manage of each House and Senate, though the Senate race stays a shut call.” “If republicans win the Senate by using a slim margin or if Democrats…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region

Risk Management

Breaking: US Nonfarm Payrolls rise by 261,000 in October vs. 200,000 expected

Nonfarm Payrolls in the US rose by means of 261,000 in October, the statistics posted through the US Bureau of Labor Statistics printed on Friday. This analyzing got here in a good deal greater than the market expectation of 200,000. Additionally, September’s studying obtained revised greater to 315,000 from 263,000. Further small print of the e-book published that the Unemployment Rate…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Fx News

USD Index Price Analysis: Immediately to the upside comes 114.00

DXY loses the grip and trades shut to the 111.00 region. The resumption of the bullish stance need to goal 114.00. DXY provides to Tuesday’s drop and threatens to mission the key 111.00 neighbourhood beforehand of the FOMC tournament on Wednesday. Despite the cutting-edge knee-jerk, the near-term bullish prospect in the greenback stays unchanged whilst above the 9-month aid line, these days…
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USD/CHF clings to mild gains above 0.9200 ahead of Swiss ZEW data, SNB Quarterly Bulletin

BioNTech is ripe for a rebound in 2023