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Market Analysis

November, 2020

  • 4 November 2020 6:58 pm

    Canada: Trade Deficit Expands to C$3.25 Billion in September

    Canada’s trade deficit expanded from C$3.21 billion in August to C$3.25 billion in September, the monthly data published by Statistics Canada showed on Wednesday. This reading came in worse than the market expectation for a deficit of C$2.6 billion. Further details of the publication revealed that Canada’s exports rose by …

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  • 4 November 2020 6:58 pm

    US Private Sector Employment Rises by 365K in October

    Employment in the US private sector rose by 365,000 in October, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading followed September’s increase of 753,000 (revised from 749,000) and missed the market expectation of 650,000 by a wide margin.

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  • 4 November 2020 6:33 pm

    US Election: Biden Takes Lead in Michigan, 49.3% vs. 49.1%

    Former Vice President Joe Biden has taken a slim lead in Michigan over US President Donald Trump, 49.3% vs. 49.1%, with 94% of expected votes tallied, the latest figures from the Associated Press showed.

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  • 4 November 2020 6:13 pm

    Canada: Trade Deficit Expands to C$3.25 Billion in September

    Canada’s trade deficit expanded from C$3.21 billion in August to C$3.25 billion in September, the monthly data published by Statistics Canada showed on Wednesday. This reading came in worse than the market expectation for a deficit of C$2.6 billion. Further details of the publication revealed that Canada’s exports rose by …

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  • 4 November 2020 6:11 pm

    US Election: Trump Lead Narrows in Michigan, 49.4% vs. 48.9% with 86% of Votes Tallied

    In Michigan, with 86% of expected votes tallied, President Donald Trump has 49.4% and former Vice President Joe Biden has 48.9%, Reuters reported, citing Edison Research. Earlier in the day, Trump’s lead was 52% in the state with 79% of votes tallied and the narrowing gap seems to be helping …

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  • 4 November 2020 5:28 pm

    US Election: Biden is up 49.5% vs. 48.8% in Wisconsin With 97% of votes tallied

    Former Vice President Joe Biden has 49.5% and US President Donald Trump has 48.8% of the votes in Wisconsin with 97% of expected votes tallied so far, Reuters reported, citing Edison Research.

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  • 4 November 2020 4:50 pm

    Biden Campaign: Our Lawyers Ready if Trump Goes to Court to Stop The Vote Count

    Democratic presidential candidate Joe Biden’s campaign has said its legal teams will be ready if President Donald Trump implements his threat to go to court to try to stop the vote count. Earlier on Wednesday, Trump prematurely declared victory in the election. He said: “We are going to the United …

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  • 4 November 2020 3:41 pm

    US Election: Nevada Postpones Vote Counting Until 1700 GMT, Thursday

    The state of Nevada will not resume counting votes until 0900 PST (1700 GMT) on Thursday, Reuter reported on Wednesday, citing Edison Research. The latest data shows that President Donald Trump and former Vice President Joe Biden are tied at 49% in the state with 85% of estimated votes tallied …

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  • 4 November 2020 2:23 pm

    UK Foreign Secretary: Lockdown Will Definitely End on December 2

    midst the US election chaos, UK Foreign Secretary Dominic Raab said in a statement on Wednesday, the lockdown will definitely end on December 2. The reassurance from Raab failed to offer any reprieve to the GBP bulls, as GBP/USD drops 0.86% to trade at 1.2941, as of writing. Earlier this …

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  • 4 November 2020 1:42 pm

    President Trump Says “getting ready to celebrate a big win”

    “We won states that we weren’t expecting to win,” US President Donald Trump said while speaking from the East Room of the White House, adding that “we are getting ready for a big celebration.” “This is without question the latest news conference I’ve ever had.”“Millions and millions of people voted …

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  • 4 November 2020 1:18 pm

    Oil Falls After Trump Questions Integrity of Election

    Oil turned down Wednesday, November 4th, after the US President questioned the integrity of the elections, despite millions of votes not being counted, and the final results are not expected to be announced before several days. US West Texas Intermediate crude fell 15 cents, equivalent to 0.4%, to $ 37.51 …

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  • 4 November 2020 12:33 pm

    Gold Falls With Dollar In Favor

    Gold prices fell on Wednesday, as the dollar rose after preliminary results from the US presidential elections showed a close convergence than expected. US President Donald Trump winning in Florida and advancing in several other states. Gold Spot fell 0.5% to 1898.97 dollars an ounce, reducing losses by more than …

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  • 4 November 2020 11:42 am

    US Dollar Rises as a Long Wait For Election Results Looms

    The US dollar gained and risk-sensitive currencies weakened on Wednesday, November 4th, as early results from the US presidential election show a tight convergence in the race. US President Donald Trump is ahead in states including Florida and Ohio, as investors await whether he can retain the states of Michigan, …

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