Biden’s victory is by far the most likely scenario – USD to lose

Biden’s victory is by far the most likely scenario – USD to lose

2020-11-05 • Updated

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Ichimoku Kinko Hyo

GBP/JPY: The GBP/JPY is trading below the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook.

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Fibonacci Levels

 XAG/USD: Silver moves below 50% retracement level. It seems that silver bears still struggle to move higher.

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US Market View

Wall Street's main indexes opened higher on Wednesday as the race for the White House went down to the wire, although investors remained worried about the prospect of a contested result. Democratic contender Joe Biden took to the air to declare he was optimistic about winning and called for all votes to be counted, no matter how long it took. President Donald Trump responded in trademark combative style, saying he had won, that "they" were trying to steal the election, and that he would go the U.S. Supreme Court to fight for victory

USA Key Point

  • The latest vote count in Michigan now helping Biden
  • US October Markit final services come at PMI 56.9 vs 56.0 than expected
  • US major indices open higher led by the NASDAQ index

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