Wednesday, 4 November 2020

EUR/USD Rates to Rise as Biden Closes in On Presidency Ahead of FOMC

EUR/USD rates may move higher in the short term as a Joe Biden presidency becomes increasingly likely ahead of the FOMC monetary policy meeting.

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Gold and Crude Oil Price Outlook Hinges on Close US Election Race, Fed

Gold prices gyrated as crude oil prices rose on US election results. The race is still close and the uncertainty carries risks. Will the Fed soothe markets? Where do XAU/USD and WTI stand?

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USD May Rebound as Election Polls Narrow in Key States - What Next?

The US Dollar may catch a haven big as the spread between Biden and Trump narrow in a handful of key states which may determine the fate of this election.

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S&P 500 May Lead Nikkei 225 Higher as Biden Wins Key Swing States

US equity futures climbed as Biden took Michigan – a key swing state. Rising odds of a Democratic president boosted sentiment. The Nikkei 225 index looks set to trade higher following strong US leads.

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Stocks May Surge if Biden Claims Nevada and Arizona After Michigan Win

The S&P 500 will continue to be on edge as votes in key states like Nevada and Arizona cross headlines. What are the margins looking like?

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Dow Jones Price Outlook: Election Rally Sends DJIA to Overbought Territory

An aggressive stock rally that surrounding the election has seen the Dow Jones rally from oversold to overbought territory in mere days. With the election still undecided, where is it headed next?

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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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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...