Wednesday, 4 November 2020

Nasdaq 100 Forecast: Tech Stocks Soar Despite Election Uncertainty

The Nasdaq 100 was more than 4% higher during Wednesday trading despite ongoing election uncertainty and a plethora of other event risk to round out the week. Does this signal another leg higher?

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USD/CAD Price Outlook: US Dollar Mired by Indecisive Election

USD/CAD price action carved out a 200-pip trading range on election night with the US Dollar oscillating violently as voting results highlight a neck-and-neck Presidential race.

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S&P 500 Index: ISM Services PMI Shows Economic Recovery Intact

US equity strength continues Wednesday morning following a healthy services PMI report from ISM, but the ongoing election will leave markets susceptible to volatility

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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GBP/USD Latest: Rattled by US Election Uncertainty, Final UK PMIs Disappoint

Financial markets remain on edge as the 59thUS presidential election comes down to the wire, with the US dollar swaying back and forth.

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USD, EUR/USD, GBP/USD React to US Election Latest with All to Play For

US Election too close to call as Trump performs better than expected. Eyes on Pennsylvania, Michigan and Wisconsin.

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Market Reaction to US Elections: Risk Off, USD Up, Stocks Down, Gold Lower

Global markets reacted initially with a defensive move out of riskier assets into the safety of the US Dollar and US Treasuries after the Presidential election provided no clear winner.

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Tuesday, 3 November 2020

EU Stoxx 50 Index Rebound at Risk as US Presidential Race Narrows

Europe’s benchmark EU Stoxx 50 index may reverse lower as the presidential race between incumbent President Donald Trump and Democratic nominee Joe Biden narrows.

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Crude Oil Prices Rise on Falling Stockpiles, OPEC+ May Rein Output

WTI crude oil prices climbed for a third day on falling API inventory data and pro-Trump election forecasts. Russia and OPEC+ are in talks to extend output cuts by 3 months to shore up prices.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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S&P 500 Futures Seesaw on Presidential Election Uncertainty. Florida Update

S&P 500 futures are whipsawing as polls are indicating that the election may not be handed to Biden as easily as originally had been suggested. What are the key states telling us?

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Nasdaq, Hang Seng Drift Lower as Election Vote Unfolds, Ant IPO Suspended

US stocks registered a two-day gain as traders held their breath for the US presidential election. Ant Financial halted its IPO due to regulatory concerns, weighing on sentiment about Chinese tech ...

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US Dollar Price Action Setups as US Presidential Elections Loom Large

The US Dollar could extend losses against its major counterparts as presidential election vote counting gets underway. DXY, EUR/USD, AUD/USD, USD/CAD levels to watch.

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Gold Price Setup Ahead of US Presidential Election, Swing State Outlook

What is the outlook for gold ahead of the election, and how might it react to a Biden or Trump win? Investors are bracing for what will be an intense couple of hours.

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Dow Jones Charges Higher as US Election Day Unfolds, What Now?

The Dow Jones recorded its biggest daily gain since July as stocks charged higher ahead of the election. Unlike recent rallies, the move had broad participation and every sector was higher. What’s ...

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Gold Price Forecast: Gold Threatens Election-Night Breakout

Is this it? Are Gold prices finally going to break out again after spending most of the past four months digesting?

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USD Price Outlook: US Dollar Volatility Ramps into Election Day

USD price action is heating up with the November 2020 election day underway. The US Dollar has weakened sharply so far against major FX peers, but a volatile trading session could be in store.

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How Will Markets React to the 2020 US Presidential Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

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Sentiment Data Sending Bullish Signal for USD vs EUR Pre-Election, Bearish for SPX

IG client sentiment data, which track the positioning of retail traders, are sending out a bullish signal for the US Dollar vs the Euro but a bearish signal for the S&P 500 ahead of the US elections.

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EUR/USD Tests 1.1700 on Pre-Election US Dollar Weakness

The US dollar is weaker ahead of the US presidential election and that is helping EURUSD re-test the 1.1700 level. Client sentiment, however, remains bearish.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...