Forex Today; What You Need To Know For November 6, 2019

November 6, 2019 by  
Filed under Forex Tips

Markets seem to be taking a breather today as we wait for further confirmation of a US/China “Phase One” trade deal. Everything we are hearing and reading is pointing in that direction at least. We expect one or two more rounds of negative reports before it is all said done.

As we wait the US Dollar has stepped back a bit against other major currencies. This includes yen. The Chinese Yuan also has stepped back a bit.

We should see thhe dollar strengthen more as trade worries ease. All economic data is pointing towards US economic growth.

The UK pound isnundwr pressure and we expect this to continue through the election. So much uncertainty will create some trading opportunities.

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