November 9, 2020
Top daily news
Equities are solidly higher currently after Biden declared victory while President Trump pans rallies to protest election outcomes. Facebook stocks fell Friday 0.43%, underperforming the market, as did Alphabet shares down 0.16%.
Forex news
| Currency Pair | Change |
| EUR USD | +0.02% |
| GBP USD | +0.1% |
| USD JPY | +1.3% |
The Dollar weakening continues 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, fell 0.4% Friday despite better than expected October nonfarm payrolls data. Labor Department reported nonfarm payrolls increased by 638,000 when creation of 595,000 new jobs was expected, and the unemployment rate fell to 6.9% from 7.9%. Both EUR/USD and GBP/USD continued gaining Friday despite German industrial production growth of 1.6% over month in September was below an expected 2.6% increase, according to German statistics bureau Destatis . Both Euro and Pound are higher currently. AUD/USD joined USD/JPY’s continued retreating Friday with the dynamics reversed for both pairs currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.61% |
| GB 100 Index | +0.69% |
| Nikkei Index | +2.12% |
Futures on US equity benchmarks are up currently ahead of Federal Open Market Committee voting member Loretta Mester speech at 22:30 CET today. The three main US stock indexes recorded returns ranging from -0.2% to 0.4% on Friday. European stock indexes are rebounding currently after a bearish session Friday led by auto shares on reports of new partial and national lockdowns in Italy and Greece respectively as Covid-19 spreads in Europe. Asian indexes are rising today led by Nikkei .
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +0.81% |
| WTI Crude | +1.63% |
Brent is edging higher today on reports the Organization of the Petroleum Exporting Countries and major producers including Russia, a group known as OPEC+, could delay bringing back 2 million barrels per day of crude oil output in January in light of new lockdowns. Oil prices ended down last session. The US oil benchmark West Texas Intermediate (WTI) futures are higher currently after WTI dropped 4.25% Friday. Brent crude lost 3.62% to $39.45 a barrel on Friday.
Gold Market News
| Metals | Change |
| Gold | +0.42% |
Gold prices are extending gains today. Spot gold added 0.2% to $1952.19 an ounce on Friday.
Market Analysis provided by IFCMarkets.com
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
- Gold Falls for the Third Consecutive Week: Is There Still Upside Potential? Jun 22, 2026
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
- EUR/USD Loses Ground as Market Sentiment Favours the US Dollar Jun 19, 2026
- GBPUSD Awaits Bank of England Meeting Near April Lows Jun 18, 2026
