Forex news for New York trade on November 5, 2021:
Markets:
The non-farm payrolls report was solid across the board but not strong enough to shake anyone out of their beliefs. So markets continued to price out rate hikes and squeeze bond shorts. Once again, that led to yen buying in an unwind of some of the

Highlights to look out for
Monday, Nov 8
Tuesday, Nov 9
Wednesday, Nov 10
Thursday, Nov 11
Friday, Nov 12
economic calendar

Forex news from the European trading session – 5 November 2021
Headlines:
Markets:
– USD leads, AUD and GBP lag on the day
– European equities higher; S&P 500 futures up 0.2%

German state leaders warn that hospitals could soon be swamped
Adding that a new lockdown might be needed unless urgent action is taken to reverse the recent surge in cases. Here’s a chart to bring everyone up to speed:

Pfizer says that its pill, used, with an HIV drug, cut the risk of hospitalisation or death by 89% in high-risk adults exposed to COVID-19
This would be the second antiviral pill after Merck’s (which is reported to reduce risks of hospitalisation or death by around 50% with mild or moderate cases of COVID-19) to have

Dollar gains continue to stay the course
The pound is the laggard on the day with cable sliding by 0.5% to 1.3430 but it keeps with the technical levels outlined earlier in the day (↑).

Latest data released by Eurostat – 5 November 2021

BOE announces its latest monetary policy decision – 4 November 2021

Latest data released by Challenger, Gray, and Christmas Inc
– 17.9k
US-based employers announced 22,822 job cuts last month, a roughly 28% rise from September – marking the highest monthly total since May. That said, October’s total was roughly 72% lower than the same month last year.

Forex news from the European trading session – 4 November 2021
Headlines:
Markets:
– JPY leads, EUR lags on the day
– European equities higher; S&P 500 futures up 0.1%