Risk appetite returns after a volatile Monday procedure

This is what you need to know for day trading Tuesday 15 November:

While Market sentiment is improving Early on Tuesday, the US dollar is struggling to build on its modest gains on Monday. Reflecting the positive market sentiment, US stock index futures were up 0.4% -0.7% in European morning trade. numbers for GDP for the third quarteralong with trade balance data for September and ZEW Emotion Scanning. Later, the New York Federal Reserve will release the Empire State manufacturing survey and data from Production Price Index (IPP) October in the United States.

Earlier today, data from China revealed that Industrial production grew 5% annually in October, below market expectations for a 5.2% expansion. also, Retail sales shrank 0.5%. In the same period, after a 2.5% growth in September. Despite the disappointing data release, Hong Kong’s Hang Seng rose more than 3% and the Shanghai Composite rose nearly 1.5% on the day, amid renewed optimism over the easing of coronavirus restrictions in China.

in the meantime, Republicans Still On Track For House Majority With 218 seats. According to the Associated Press, Republicans won 217 seats, with 13 as yet to be determined.

Source: Associated Press

The EURUSD It rebounded late on Monday and ended the day closing unchanged above 1.0300. The pair remains relatively quiet and fluctuates below 1.0350 in the European morning.

The British Pounds / US Dollars It is trading slightly higher on the day, around 1.1800. The UK Office for National Statistics reported that The unemployment rate in the International Labor Organization rose to 3.6%. in September from 3.5% in August, but this figure was widely ignored by market participants.

Although the US dollar struggled to find demand on Tuesday, US dollar / Japanese yen It sticks to the modest daily gains above 140.00. Earlier today, data from Japan revealed that Industrial production shrank 1.7% month-on-month In September, against market expectations for a 1.6% decline.

After a bearish correction in the first half of the day, the price of pray The trend reversed late Monday as the 10-year US Treasury yield settled below the key 4% level. XAUUSD is flat at $1,770 in European morning trade.

The Bitcoin It snapped a three-day losing streak on Monday but struggled to maintain its bullish momentum early on Tuesday. BTCUSD is trading in a narrow range around $16,700 in European morning trade. The raised It continues to extend higher after closing in positive territory on Monday, now up more than 2% today at $1,270.