US ELECTION: interim results

US ELECTION: interim results

2020-11-05 • Updated

The numbers

This is what we have so far in the US Presidential election scores as of 07:20 MT time. The very latest news is that Donald Trump had a big win in Ohio, a crusial state for the overall outcome of the election. Officials from certain states say there may be no final results until next week. Overall, the conclusion so far is that Trump holds strong. In the meantime, if Biden wins, that's definitely not going to be an easy and early victory. 


Source: Bloomberg

The market

And here is a quick look at the market. In most currency pairs with the American dollar, the USD first lost value, then took a big push, then ceded some of the gain - exactly like what you see with the EUR/USD below. In the meantime, gold rises to $1 915, drops below $1 890 and gets back up above $1 900 again. Oil keeps growing. 


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Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

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What to trade on May 16-20?
What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

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