Top Forex Stories November 5th

This week marks a turning point for the two biggest economies in the world. The United States election takes place on Tuesday. There are diverging polls circulating, but no clear advantage is given to a single candidate. China meanwhile is readying itself for a power transition that will highlight the National Congress with a new leader. In China’s case the outcome seems to be more defined with a clear successor in Xi Jinping.

The European crisis continues to erode confidence in the EUR and it is expected the ECB will comment on the current situation with the objective to reassure investors and support member states. Greece and Spain continue to be in the spotlight as their economies continue to suffer from a debt crisis and there are questions raised by the more stable European states if they are doing enough to remain in the eurozone.


United States




This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza