November 10, 2020
Top daily news
Global stocks rebound has paused currently as President Trump, who has not conceded the election to Democrat Joe Biden, plans to go ahead today with legal challenges to the results of elections while Attorney General Barr authorized probes of vote irregularities. Global markets rose yesterday. However Apple shares slumped 2%, underperforming market, as did Tesla’s shares down 2% too.
Forex news
| Currency Pair | Change |
| EUR USD | +0.04% |
| GBP USD | +0.24% |
| USD JPY | -0.17% |
The Dollar strengthening has halted currently . The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.6% Monday. GBP/USD continued gaining Monday while EUR/USD reversed its climbing with both pairs higher currently. USD/JPY Joined AUD/USD’s continued climbing yesterday with yen joining Australian dollar’s rise against the greenback currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | -0.42% |
| Nikkei Index | +0.26% |
| Hang Seng Index | +0.85% |
Futures on three main US stock indexes are down currently. US main stock benchmarks ended mixed Monday as Senate majority leader Mitch McConnell said President Trump was ‘100% within his rights’ to challenge election results while Trump’s re-election team asked for patience to pursue allegations of voter fraud. The three main US stock benchmarks recorded returns ranging from -1.4% to 3.0%. European stock indexes are edging lower currently after a sharp rebound yesterday led by banking shares. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading the gains .
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +2% |
| WTI Crude | +1.31% |
Brent is extending gains today. Oil prices rallied on Monday after reports OPEC+ will postpone plans to curb production cuts. OPEC+ had planned to reduce its production cut targets from 7.7 million barrels a day to about 5.7 million barrels a day from January. The US oil benchmark West Texas Intermediate (WTI) jumped 7.5% Monday and is up currently. Brent crude rallied 8.5% to $40.29 a barrel on Monday.
Gold Market News
| Metals | Change |
| Silver | +1.29% |
Gold prices are rebounding today. Spot gold fell 4.6% to $1863.7 an ounce on Monday.
Market Analysis provided by IFCMarkets.com
- The Middle East conflict is already driving inflation higher across the world Apr 24, 2026
- Gold Falls Nearly 3.0% Over the Week Amid Geopolitical Pressure Apr 24, 2026
- The diplomatic deadlock between the US and Iran is undermining investors’ appetite for risk Apr 23, 2026
- EUR/USD Falls for Third Day as Geopolitics and Strong Dollar Dictate Terms Apr 23, 2026
- Negotiations between the US and Iran have failed. Oil prices are back above 90 dollars per barrel Apr 22, 2026
- USD/JPY Pulls Higher: Yen Doubts Bank of Japan Apr 22, 2026
- NZD and CAD strengthen amid rising inflationary pressure Apr 21, 2026
- Pound Declines Amid Geopolitics and Political Risks Apr 21, 2026
- EUR/USD Starts the Week Higher, but the Outlook Remains Unstable Apr 20, 2026
- The situation in the Strait of Hormuz remains uncertain Apr 20, 2026
