China to accelerate pace to build the nation into a technological power, as part of its strategic pillar for the next five years
This is among the key takeaways from the 4-day meeting by the Communist Party’s Central Committee in laying out the country’s next five-year plan.

Comments by European Commission president, Ursula von der Leyen
– Urges governments to step up response to the pandemic
– Spike in virus infections is ‚alarming‘
Given how things have progressed, it is a fair assumption to say that the virus situation will remain rather serious throughout Europe during the winter.

Latest data from the Mortgage Bankers Association for the week ending 23 October 2020
–  -0.6%
– Market index 807.8 vs 794.2 prior
– Purchase index 305.2 vs 304.6 prior

EUR/JPY sellers in search for a stronger technical break to the downside
The low today touched 122.34, and that is the weakest level the pair has traded since 20 July. But on the daily chart, the pair is pretty much flirting with support from the 28 September low @ 122.38 currently.

The death count increases by 85 to 10,183 persons
As we see the number of daily infections rise, the death count is also starting to gather pace over the past week or so. As of today, there are ~121,000 active cases across the country. For some context, that figure was ~24,000 at the start of

EUR/USD falls to a low of 1.1745, weakest level since 19 October
The euro is continuing its struggle since late overnight trading, after a drop below 1.1800 and its 200-hour MA (blue line). As such, sellers have seized near-term control.

Forex news from the European morning session – 27 October 2020
Headlines:
Markets:
– NZD leads, CHF lags on the day
– European equities lower; E-minis up 0.4%

It has been all quiet on the Brexit front over the past few days
Will that be enough to yield a concession from either side? We’ll see.

But the firm says they still plan to apply for emergency use of its coronavirus vaccine in late November, if the data is positive
However, the data monitoring committee has not conducted interim efficacy analysis of the vaccine yet. So, that stands in the way of the firm from .

Latest data released by CBI – 27 October 2020
„The fall in retail sales in October is a warning sign of a further loss of momentum in the economy as coronavirus cases pick up and restrictions are tightened across many parts of the country.“
The survey also shows that retailers are expecting to cut orders to suppliers