Nov 02


  • BY:
  • November, 02nd, 2015 21:27 +00:00

Good evening,

US equity indices rallied today with the DJIA up 165 points at 17,828.76 (+0.94%) and the S&P500 closed at 2,104.05 (+1.19%) with a gain of 24.69 points. the ISM Index at 50.1 was above the consensus.

In the FX market the Turkish Lira is gaining after the results of the elections that ended the impasse generated after the previous general election. UsdTry is trading at 2.8263 (-3.1%). EurUsd is nearly unchanged at 1.1012 (+0.04%) and UsdJpy is trading at 120.75 (+0.11%).

Profit taking for Crude Oil, down 50 cents at 46.09 $/barrel. Gold is losing 7.7 $ at 1,133.7 $/oz (-0.67%).

The Aussie dollar will increase its daily range when the RBA will decide the interest rate level at 03:30 GMT.  Tomorrow the economic calendar will be poor of events during both the European session and the US session and the the speech of ECB Draghi at 19:00 GMT will be the most relevant event of the day. The Euro thus may have another bearish leg tomorrow.