Live updates: promos, term changes, new challenges, payouts.
On Tuesday, November 3, the US holds midterm elections - the re-election of Congress in the middle of the presidential term. Democrats need to win back just three seats in the House of Representatives to take it over and stall Donald Trump's agenda in the final two years of his term.
Friday's session was the worst for the Nasdaq since the start of June: the index lost 2.86%, the S&P 500 - 1.82%. This week the market goes through US elections, earnings reports from major technology companies and employment data all at once.
On Monday, November 2, spot gold is trading around $3,906.39 per ounce - up $30.55 (+0.79%) from Friday's close of $3,875.84. The rebound follows Friday's plunge of nearly 3.5% to a one-year low. Reuters recorded $3,900.05 (+0.6%) at the start of the Asian session.
From November 2 to 6, the market will get four reasons to move at once: the US midterm congressional elections, decisions from four central banks and the US employment report on Friday. The dollar enters this week after two weeks of decline and, for the first time in a long while, at its 200-week moving average.
According to CME FedWatch, market participants estimate the probability of a Fed rate hike at the October 28 meeting at above 70%. The case is historically exceptional: in October before US elections, the Fed has never once raised rates.
