This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

markets us election

Manufacturing PMI the Best in 2 Years

The US index ended yesterday’s session higher for a fourth consecutive day, as it reclaimed the 94 handle.

Even though the markets are preparing for a Biden win as America goes to the polls today, indecisive sentiment remains as the race is tighter in a handful of battleground states.

US manufacturing goes from strength to strength as yesterday’s figures showed a positive signal and the best outcome since September 2018 for the industry as we look ahead to 2021.

The attention now shifts to the amount of time required to count the ballot boxes, as a disputed election could send markets into the stratosphere.

Further Lockdowns Leave Europe on the Brink

The euro closed 0.10% lower on Monday as it fell through the 1.17 handle. This capped a sixth consecutive decline as a strong greenback weighed heavily over the EURUSD pair.

The eurozone continues to be on the brink of catastrophe. Further lockdowns across the continent have sent the economy into a do...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.