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EUR/USD bounces from the lows on hopes for a fiscal stimulus deal

EUR/USD has bounced off 1.17 as hopes for a new fiscal stimulus deal have risen. Earlier, US pending home sales and ADP Non-Farm Payrolls beat estimates. The chaotic US presidential debate weighed on sentiment beforehand. 

EUR/USD News

GBP/USD hits 1.29 on better market mood

GBP/USD is trading around 1.29, up from the lows. The safe-haven dollar is falling amid fresh hopes for a fiscal stimulus deal. Concerns about Brexit and the British coronavirus situation weighed on the pound earlier.

GBP/USD News

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2020 Elections: How stocks, gold, dollar could move in four scenarios, nightmare one included

There are less than two months until election day – but the results may fully be known only a month later. Slow counting – a result of a high volume of mail-in votes due to the pandemic – may result in a contested outcome and considerable consternation. Challenger Joe Biden has a four out of five chance of beating incumbent President Donald Trump after the dust from the party conventions settled and the long Labor Day weekend has passed. Little has changed in recent months. Nate Silver's FiveThirtyEight model is showing a 76% chance of a Biden victory while the Economist's forecast is at 84% for the Democrat, who is around seven points ahead of Trump in various averages of the national vote. Margins are tighter in crucial battleground states that determine the outcome, so anything is possible.

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KuCoin hack turns Uniswap into crypto laundromat

KuCoin hack teaches us a couple of costly lessons about the decentralized finance (DeFi) industry. Some of them may become a revelation for investors.

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OMG is ready for another leg up after 70% gains

OMG is currently trading at $3.8 and has been outperforming the market for the past three days. Santiment, a behavior analytics platform, has released a report on whether the digital asset will continue soaring or not.

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BTC could be poised for another $10,000 retest

Bitcoin is currently trading at $10,700 after a failed attempt to climb above $11,000. The digital asset has established a robust support level at $10,000, defended on several occasions throughout September.

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