Market Drivers November 8, 2019
Market Drivers November 8, 2019
Markets very quiet as merchants await subsequent transfer
CAD Labor on deck
Nikkei 0.26% Dax 0.80%
UST 10Y 1.90%
Oil $56/bbl
Gold $1472/oz
BTCUSD $9135
Europe and Asia:
No Information
North America
CAD Labor 8:30
USD U of M 10:00
It has been a quiet evening in FX land with a lot of the majors contained to 20 pip ranges as forex markets waited for definitive information on the US-China commerce battle.
Though Larry Kudlow, the director of Nationwide Financial council, confirmed that tariffs could be rolled again as a part of any commerce deal, Peter Navarro, the assistant to the President, famous final evening that solely Donald Trump had the ability to rescind the tariffs on Chinese language items and implied that the President could also be reluctant to take action right now.
The push and pull of negotiations solid a pall on threat trades as markets have basically determined to…