GBP/USD has come out on top amid long US elections process and BOE stimulus. Further ricochets from American politics and the UK GDP stand out. Early November’s daily chart is painting a bullish picture. The FX Poll is pointing to further gains for cable. A week for the history books – GBP/USD bulls are emerging on … “GBP/USD: Taking profits in fear of Trump? Not so fast, many moving parts eyed”
Author: admin_mm
2020 Elections: Where the race stands in four critical states, traders on the edge of their seats
Biden holds onto leads in Arizona and Nevada. Trump’s advantage is narrowing in Pennsylvania and Georgia. The president has made unsubstantiated claims about fraud. Markets see a delayed outcome rather than a contested one. The US Presidential Elections have yet to be decided – but there are greater chances that the outcome is only a … “2020 Elections: Where the race stands in four critical states, traders on the edge of their seats”
Powell adds fuel to the market fire by defending QE, rally set to extend
The Federal Reserve has left rates unchanged and has said the recovery’s pace has moderated. Chairman Powell has defended the QE policy, saying the Fed discussed it. Markets are already on the rise on hopes for a decisive election. How can the Federal Reserve compete with the dramatic US elections? It probably cannot steal the … “Powell adds fuel to the market fire by defending QE, rally set to extend”
BOE gives pound bulls three gifts, what to watch for next
The BOE expanded QE by more than expected, allowing for a quicker recovery. Its open commitment to additional bond-buying is also positive. Refraining from setting negative rates leaves this option further in the distance. Printing money used to devalue the underlying currency – until the pandemic came around. Creating money out of thin air has … “BOE gives pound bulls three gifts, what to watch for next”
Fed Preview: Powell set to see glass half full, unless he has depressing NFP data
The Federal Reserve is set to leave its policy unchanged in its post-election decision. Upbeat economic data may outweigh concerns about coronavirus. A plea from newly elected lawmakers to act could be seen as a sign of helplessness. There is life after the elections – and the Federal Reserve’s decision may mark a return to the basics … “Fed Preview: Powell set to see glass half full, unless he has depressing NFP data”
BOE Preview: Lockdown raises chances of negative rates, streling could suffer
The BOE is set to leave its rates unchanged on “Super Thursday” England’s lockdown could push the bank to set negative rates, weighing on sterling. Opting for more QE would boost sterling. “I am asking you to stay at home” – UK Prime Minister Boris Johnson’s second lockdown announcement is already weighing on sterling. Will … “BOE Preview: Lockdown raises chances of negative rates, streling could suffer”
6 Tips Every Beginner Forex Trader Should Know
When you’re learning something news, how do you typically start? Do you dive into the hardest part possible, or begin at the beginning, learning the fundamentals to gain a better understanding? For the best chance of success, the latter is your best starting option. Learning to be a forex trader is no different. You want … “6 Tips Every Beginner Forex Trader Should Know”
2020 Elections: Three states traders should watch, plus places that could provide surprises
Florida, the perennial swing state, counts votes early and will likely trigger the initial response. North Carolina’s Senate race is critical for a large stimulus package. A contested count in Pennsylvania could trigger the nightmare scenario for investors. Staes from Arizona to New Hampshire could also come into play. Keep America Great or Build Back … “2020 Elections: Three states traders should watch, plus places that could provide surprises”
US Dollar Profits from Risk Aversion, Ending October Strong
The US dollar and the Japanese yen were the strongest currencies on the Forex market during the last week of October, rallying on the back of risk aversion. The euro was among the weakest. The main theme at the end of the month was the US presidential election at the start of November. With no clear winner and with uncertainty about how the outcome will change the US political landscape, investors were nervous and preferred to stick to safer assets. The second wave of the COVID-19 … “US Dollar Profits from Risk Aversion, Ending October Strong”
Swiss Franc Soft After Poor Economic Data
The Swiss franc was either flat or lower against the majority of most-traded currencies today even though markets were under influence of uncertainty and risk aversion. Rather bad domestic macroeconomic data was not helping the currency of Switzerland at all. The KOF Economic Barometer fell from 110.1 in September (revised, 113.8 before the revision) to 106.6 in October, below the median forecast of 107.9. It was the first decline after four consecutive … “Swiss Franc Soft After Poor Economic Data”