Forex Today: Markets have reasons for a happy Monday, Boris Johnson remains in the lead, Lagarde eyed


Here is what you need to know on Monday, November 4:

  • Trade: US Commerce Secretary Wilbur Ross has said that he hopes the US and China will sign a deal this month. The optimism, alongside the upbeat US jobs report and the Federal Reserve's willingness to cut if necessary, keep the mood optimistic
  • UK politics: A fresh set of opinion polls taken after the decision to hold elections continued showing Conservatives with a comfortable lead. Prime Minister Boris Johnson plans to ratify his Brexit deal if he wins. Markit's Purchasing Managers' Indexes for the construction sector is set to show an ongoing downturn in the sector.
  • Australia: The Aussie Dollar has shrugged off the worse-than-expected increase of 0.2% in retail sales. 
  • Euro-zone: Christine Lagarde, PResident of the European Central Bank, will deliver her initial speech in the job late in the day in Berlin. She is set to call on governments to do more. Earlier, Markit's manufacturing PMIs are expected to confirm the ongoing slump in October. 
  • US data: Factory Orders for September are due out today and are projected to show a second consecutive drop. The ISM Manufacturing PMI disappointed on Friday and weighed on the dollar. 
  • Cryptocurrencies have had a stable weekend, with digital coins consolidating around familiar levels.
     

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