Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
TRUMP, COVID, MARKET: observations
Information is not investment advice
So Donald Trump got COVID-19. And he is 74. And he is running for 2nd presidency. And he is losing. What does that mean?
- We are humans, and once a disease enters your body – especially if it’s an unknown virus like COVID-19 – you don’t know how your body will fight it and what the outcome will be. It may get over by Monday, or it may become really bad. So let’s be humans first and wish Donald Trump and his wife the soonest recovery.
- More uncertainty. No one knows what will happen, and everyone in the market thinks the same. While the US President contracted the virus, the market contracted another portion of fear. Both the stock market and the currencies. Hence, be ready for some unforeseen and even inadequte movements by your favorite assets. Meaning, beyond expected drops in stocks and the rise of US on safe-haven flight among investors.
- Yet more uncertainty. Currently, the course of presidential debates in the US is far from being “healthy”. The question is not as much in how Donald Trump and Joe Biden address each other as how agreeable they will be – especially Donald Trump – with the process, the results and the aftermath of the election. Whatever his moods and intentions have been until now, with COVID-19 the level of “agreeableness” of Donal Trump may go lower than ever.
- Even more uncertainty. This time, in the geopolitical arena. Observers are right to point out that somehow Boris Johnson became more anti-China after having COVID-19. The same, and worse, may happen to Donald Trump. Especially if you remember that he called the virus “Chinese plague” during the debate in Cleveland.
So brace yourselves. Winter is coming.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Popular
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Choose your payment system
