The dollar started the day lower in the European market as the US election takes center stage, with a close race expected. The polls show Harris gaining ground, putting pressure on the dollar. As we approach voting day tomorrow, volatility is expected to increase, making it difficult to predict market movements.
In the upcoming North American session, not much new information is expected, leading to a relatively stable market. Manufacturing PMI readings will be released, but as they are final estimates, they are unlikely to have a significant impact on the market.
Here is the schedule for the upcoming data releases:
– 0815 GMT – Spain October manufacturing PMI
– 0845 GMT – Italy October manufacturing PMI
– 0850 GMT – France October final manufacturing PMI
– 0855 GMT – Germany October final manufacturing PMI
– 0900 GMT – Eurozone October final manufacturing PMI
– 0900 GMT – SNB total sight deposits w.e. 1 November
– 0930 GMT – Eurozone November Sentix investor confidence
As we look ahead to the trading day, I hope you have a successful day in the markets and stay safe while trading.
