EUR/USD may ride on a blue wave and surge. A victory for Biden with a Republican-controlled Senate could trigger a moderate downfall. Euro/dollar has room to rise if Trump is re-elected. The nightmare scenario is that the results of the elections are contested. The second wave of coronavirus is locking the euro to the downside – … “How three US election outcomes (and a contested result) could rock the dollar”
Category: Opinions
Gold has three ways go in response to the 2020 Presidential Elections
Gold prices heavily depend on the fate of fiscal stimulus. A blue wave could unleash a golden age for the precious metal. If Trump remains is reelected, the reaction could be mixed. President Biden with a Republican Senate would cause a meltdown. Gold could power up if the government prints more money – that is the … “Gold has three ways go in response to the 2020 Presidential Elections”
ECB Preview: Three charts show why Lagarde could send EUR/USD tumbling
The ECB is set to leave rates unchanged but hint of additional stimulus due to the virus. Forward-looking indicators are already pointing to a significant slowdown. Recent inflation figures paint a worrying picture for the bank. All eyes are on Europe again – and for the wrong reason. COVID-19 cases are surging in the old continent … “ECB Preview: Three charts show why Lagarde could send EUR/USD tumbling”
BOC Preview: Covid concerns set to outweigh recovery optimism and crush CAD
The Bank of Canada is set to leave rates unchanged in its October meeting. Governor Macklem will likely stress growing uncertainty due to coronavirus. Canada’s recent upbeat performance may remain a side story. Winter comes early in Canada – the mercury drops rapidly in the northern country and COVID-19 cases are rising. As the same phenomenon is … “BOC Preview: Covid concerns set to outweigh recovery optimism and crush CAD”
Gold (mostly) hinges on Trump´s electoral chances
Gold has been battling the $1,900 level amid fiscal stimulus speculation. Pre-election polls and US GDP stand out in the upcoming week. Late October’s daily chart is showing a triangle pattern. The FX Poll is painting a decisively bullish picture. “Putting pen to paper” – such commentary from Washington about a fiscal stimulus deal has … “Gold (mostly) hinges on Trump´s electoral chances”
2020 Elections: Trump is is showing signs of a comeback, will the dollar follow?
National polls have been showing that President Trump has narrowed his deficit. Surveys in the critical battleground states of Pennsylvania and Florida are also tentatively showing Biden has peaked. The chances of a contested election are rising and could lead to a stock sell-off and a dollar rise. “It ain’t over till the fat lady … “2020 Elections: Trump is is showing signs of a comeback, will the dollar follow?”
2020 Elections: Seven reasons why this is not 2016, time to focus on the Senate
President Trump is trailing Biden by a wide margin but skeptics point to 2016. There are seven reasons why this time is different. The Senate race is much closer and could be more consequential for markets. Polls dismissed then-candidate Donald Trump in 2016, and are off the mark also in 2020 – that is the … “2020 Elections: Seven reasons why this is not 2016, time to focus on the Senate”
GBP/USD: Sterling set for rock on Trump’s last chance, after Boris’ Brexit move
GBP/USD has struggled to advance amid minimal progress in Brexit and US fiscal stimulus talks. The US presidential debate and the UK’s handling of coronavirus, stand out in the upcoming week. Mid-October’s daily chart is painting a mixed picture. The FX Poll is pointing to falls in the short term. Two steps forward, one step back … “GBP/USD: Sterling set for rock on Trump’s last chance, after Boris’ Brexit move”
GBP/USD: Will Boris break the Brexit deadlock? Volatility set to explode
GBP/USD has been torn between hope and despair in both Brexit and US fiscal talks. Politics, rising coronavirus cases, and the Fed minutes stand out in October’s first full week. Early October’s daily chart is painting a mixed picture. The FX Poll shows experts are bullish on all timeframes. Optimism on Brexit with pessimism on … “GBP/USD: Will Boris break the Brexit deadlock? Volatility set to explode”
NFP Analysis: Stocks set to fall as sub 8% jobless rate lowers chances for stimulus
The US gained 661,000 jobs in September, weaker than expected, but the jobless rate fell to 7.9%. Markets are focused on fiscal stimulus and the political headline lowers the chances of a deal. Trump’s positive coronavirus test is grabbing the headlines and also limits the scope for further relief. Positive for COVID-19 – the new … “NFP Analysis: Stocks set to fall as sub 8% jobless rate lowers chances for stimulus”