{"id":293440,"date":"2020-11-10T11:17:42","date_gmt":"2020-11-10T00:17:42","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/overnight-on-wall-street-tuesday-11-november-2020\/"},"modified":"2021-02-19T12:13:12","modified_gmt":"2021-02-19T01:13:12","slug":"overnight-on-wall-street-tuesday-11-november-2020","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/","title":{"rendered":"Overnight on Wall Street: Tuesday 10 November 2020"},"content":{"rendered":"<blockquote><p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p><\/blockquote>\n<h4><strong>Equity Markets<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Following the election updates, global equities continued the rally on the back of positive vaccines updates.\u00a0 Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. The vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the US markets, major US equity indices pared gains towards the final trading hours on speculations that the divided Congress will only pass a smaller relief package by the year-end. While the Dow and S&amp;P500 remained in positive territory, Nasdaq Composite dropped in the red dragged by the downbeat performance of the tech giants.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Dow Jones Industrial Average added 835 points or 3% to 29,158.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">S&amp;P 500 rose by 41 points or 1.2% to 3,551.\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-265959\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/Strength_101120.jpg\" alt=\"\" width=\"690\" height=\"400\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Nasdaq Composite lost 181 points or 1.5% to 11,714.<\/span><\/li>\n<\/ul>\n<h4><b>Currency Markets\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In the FX space, the price action in the markets was mostly driven by geopolitics amid a relatively subdued economic calendar. Major currencies were mixed against the US dollar following the upbeat market mood and vaccine updates. Commodity-linked currencies remained stronger against the greenback on Monday while safe-haven currencies like the Swiss franc and Japanese Yen took a beating. The British Pound also rose higher lifted by comments from the British finance minister Rishi Sunak that there was significant progress made on the Brexit negotiations front.\u00a0<\/span><\/p>\n<h4><strong>Commodities<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Crude oil prices posted modest gains on the back of the broad optimism in the markets. The positive vaccine news has revived hopes of the global oil demand recovery amid fresh lockdown measures. As of writing, WTI Crude oil (Nymex) and Brent Crude (ICE) were trading at around $39.84 and $42.04 respectively. Oil traders will now be looking for weekly oil reports for fresh trading impetus. <\/span><\/p>\n<h4><img loading=\"lazy\" class=\"alignnone size-full wp-image-257817\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/09\/gold_100920.jpg\" alt=\"\" width=\"700\" height=\"520\" \/><strong>Gold<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">After reaching a daily high of $1,965.52, the precious metal dropped to a low of $1,850 on the vaccines updates and the possibility of only a smaller stimulus package. As of writing, the XAUUSD pair is trading around $1,861.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-261429\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/gold_101120.jpg\" alt=\"\" width=\"700\" height=\"371\" \/><br \/>\nSource: GO MT4<br \/>\n<i><\/i><i><\/i><\/p>\n<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<p><strong>Key upcoming events<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Imports, Exports, Trade Balance (Australia)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Factory Orders (Germany)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Retail Sales (Eurozone)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bank of England Monetary Policy Report, BoE MPC Vote, Monetary Policy Summary, BoE Asset Purchase Facility, Bank of England Minutes, BoE Interest Rate Decision, and Governor Bailey Speech (UK)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Jobless Claims, Nonfarm Productivity, Unit Labor Costs, Fed Interest Rate Decision, Fed&#8217;s Monetary Policy Statement and FOMC Press Conference (US)<\/span><\/li>\n<\/ul>\n<table style=\"height: 171px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 75px;\">\n<td style=\"text-align: center; width: 728px; height: 75px;\" colspan=\"7\"><strong>Wednesday, 11 November 2020<\/strong><strong style=\"font-family: inherit; font-size: inherit;\">\u00a0<\/strong><strong><br \/>\n<\/strong>Indicative Index Dividends<br \/>\n<em><sup>Dividends are in Points<\/sup><\/em><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ASX200<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>WS30<\/strong><\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\"><strong>US500<\/strong><\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\"><strong>US2000<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>NDX100<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>CAC40<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>STOXX50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">4.099<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ESP35<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ITA40<\/strong><\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\"><strong>FTSE100<\/strong><\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\"><strong>DAX30<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>HK50<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>JP225<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>INDIA50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.gomarkets.com\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<\/a><a href=\"\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"alignnone\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" alt=\"\" width=\"942\" height=\"122\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><em>Disclaimer:\u00a0\u00a0The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Deepta Bolaky \u00a0@DeeptaGOMarkets Equity Markets Following the election updates, global equities continued the rally on the back of positive vaccines updates.\u00a0 Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. The vaccine candidate was found to be more than 90% effective in preventing COVID-19 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Overnight on Wall Street: Tuesday 10 November 2020 - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overnight on Wall Street: Tuesday 10 November 2020 - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Deepta Bolaky \u00a0@DeeptaGOMarkets Equity Markets Following the election updates, global equities continued the rally on the back of positive vaccines updates.\u00a0 Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. The vaccine candidate was found to be more than 90% effective in preventing COVID-19 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-10T00:17:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-19T01:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com.au\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andrew Keir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"width\":26,\"height\":23},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/\",\"name\":\"Overnight on Wall Street: Tuesday 10 November 2020 - GO Markets\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/#primaryimage\"},\"datePublished\":\"2020-11-10T00:17:42+00:00\",\"dateModified\":\"2021-02-19T01:13:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/03ca5ebfd578fc3cb9b0af7265dd8d89\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.gomarkets.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Overnight on Wall Street: Tuesday 10 November 2020\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/03ca5ebfd578fc3cb9b0af7265dd8d89\",\"name\":\"Andrew Keir\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1cb0e5e9b096a058979469b1268fdaf6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1cb0e5e9b096a058979469b1268fdaf6?s=96&d=mm&r=g\",\"caption\":\"Andrew Keir\"},\"url\":\"https:\/\/www.gomarkets.com\/en\/author\/andrew\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Overnight on Wall Street: Tuesday 10 November 2020 - GO Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-tuesday-11-november-2020\/","og_locale":"en_US","og_type":"article","og_title":"Overnight on Wall Street: Tuesday 10 November 2020 - GO Markets","og_description":"By Deepta Bolaky \u00a0@DeeptaGOMarkets Equity Markets Following the election updates, global equities continued the rally on the back of positive vaccines updates.\u00a0 Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. 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