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 Bank of Canada kept its interest rate unchanged. Platinum prices reached a three‑week high Jul 16, 2026
- Stock indices rose after the release of US inflation data. China’s GDP slowed sharply Jul 15, 2026
- GBP/USD Awaits Political News: What Will Happen Next Jul 15, 2026
- USD/JPY Holds at Highs: Pressure Lingers on Yen Jul 14, 2026
- Oil prices jumped 4% amid a new wave of escalation between the US and Iran Jul 13, 2026
- EUR/USD: US Inflation Will Determine Everything Jul 13, 2026
- COT Metals Charts: Weekly Speculator Bets see small gains for Silver & Gold Jul 12, 2026
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 2-Year Bonds Jul 12, 2026
- COT Energy Charts: Weekly Speculator Changes led by Brent Oil Jul 12, 2026
- COT Soft Commodities Charts: Weekly Speculator Changes led by Sugar, Corn & Soybeans Jul 12, 2026
