
President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
Don’t waste your time – keep track of how NFP affects the US dollar!
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While the US Presidential elections are nearing, and the public debate between Trump’s and Biden’s camps are carrying on, the S&P comes to test the September highs. What to do with that? Be careful.
Eventually, it will be a breakthrough: S&P will “have” to come back up to where it dropped from – to 3 580. But that is still pretty far away. So the question is whether this intermediary boundary range of 3 427 – 3 440 gets crossed in the nearest short term or later on. “Slightly later on” seems to be the right answer.
In this scenario, a slight bounce downwards to the area below 3 427 - somewhere at 3 400 – appears most probable. After that, a breakthrough upswing is likely to follow. So let’s test this hypothesis: watch the range of 3 427 – 3 440 for crossing. If it doesn’t happen until the weekend, it will mean that the downward bounce scenario is looming. If it does, it will mean that this hypothesis was wrong, and a straight breakthrough is coming – but make sure to verify it.
President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
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