XE Market Analysis: Europe – Nov 20, 2020

Currencies have largely remained within recent range bounds as a risk-cautious sentiment continues in global asset markets. Asian stock markets lifted after starting out weak, with the main indices across the region showing a mix of modest losses and modest gains. S&P 500 E-mini futures dropped 0.4% after the cash version of the index finished on Wall Street yesterday with a fraction 0.1% loss. Base metal prices remain perky, with copper lifting to near recent trend highs while aluminium prices posting a new two-year high. Bitcoin surged to a fresh three-year high.