London Edition: dollar slides as Democrats sweep midterms

Welcome to Venor News, London Edition. I'm Gracy Skai.

Democrats have taken the House and the Senate in the US midterms.

The dollar is weaker against most major currencies as the results come in.

Gold is higher as the dollar weakens, CNBC reports.

China's central bank has raised the reserve ratio banks must hold on foreign currency.

First, currencies. The dollar is on the back foot. Euro-dollar is up 0.35 percent, the pound has gained 0.27 percent, and dollar-yen has fallen 0.45 percent. Dollar-Swiss is the biggest mover, down 0.44 percent.

Our number of the day: 6.2 percent. That's how far US crude oil has fallen this week.

Gold is up 0.79 percent today, at 3,961 dollars, and it has gained 1.98 percent this week. The daily trend is still down, with sellers in control, but the four-hour structure has turned up. CNBC reports gold is rising as the dollar weakens. The dollar is lower against most major currencies as US midterm results come in. Traders now watch today's ISM services survey for the next read on the US economy.

Bitcoin is down 0.52 percent today, at 77,426 dollars, and it is 0.51 percent lower on the week. The daily trend is down, with sellers in control, while the four-hour structure is mixed. CryptoRank reports Democrats have swept the US midterms as Bitcoin fell below 77,000 dollars. Solana is the weakest of the majors, down 1.52 percent.

The key numbers today are the eurozone's flash inflation estimates at 10:00 GMT, and the US ISM services survey at 10:00 New York time.

Finally, at the time of this recording, our live barometer showed: dollar-yen is clearly bullish, pound-dollar leans bearish, and euro-dollar reads neutral. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.