Forex Today; What You Need To Know For November 1, 2019

November 1, 2019 by  
Filed under Forex Tips

As we enter the 2nd to last month of the year we see the Dollar lower against major currencies. US employment data due out today shoyld be a mixed bag. We expect that the General Motors’ strike will drag these number’s lower.

The dollar also is lower because traders are assuming that thebworlds economies are bottoming out. This is based on lower economic numbers from Asia. This is also based on a recent Business Survey from Ciaxin/IHS Markit showed that output and new orders have been increasing.

The pound and Euro were both up against the Dollar. The pound has gone as far as it will for now due to the election next month. Trade talk between the US and UK may come into focus. US President Trump said he does not see a trade deal getting done with the UK based on the Brexit deal the UK has made with the EU. This is probably posturing and Trump has a new thing to talk about.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!