2020-10-23 • Updated
Another US Presidential debate took place on Thursday. Donald Trump and Joe Biden faced each other over central questions of American social issues, economics, and foreign policies. What are they and where each candidate is planning to steer the country?
Both candidates were happily accusing each other of falling under “Russian influence”. Both were reassuring the public that their opponent was having “extra” benefits from China. Joe Biden went as far as to say that Donald Trump befriended with the North Korean leader instead of duly putting the latter into a “duly” position as he ought to do. From this exchange, we are getting that Joe Biden – should he become a president and follow his words – comes as a more ideologically strict politician who divides the world into clear camps. Two, precisely: “liberty, freedom, and democracy” – that foes for “good” countries such as the USA, the UK, France, and their peers (in the developed world, most probably); and “autocracy, domination, and force” – that goes for “bad” countries such as Russia, North Korea, Iran, and others (China goes here as well but it is too rich to be recognized as just “bad” – probably, there is a separate category in Joe Biden’s vision for countries like this). In the meantime, Donald Trump, as verbally blaming as he sometimes is, appears to be more of a trading approach, a business approach in a multipolar world. Well, maybe the world is not prepared yet to become multipolar, or maybe it is not supposed to be multipolar – we’ll see. The bipolarity of Biden is so far winning over the multipolarity of Trump by an average of 8% across the US. This would very much affect the USD over other currencies. Specifically, against what many say, there may be a higher probability that the USD loses value in the case of Joe Biden’s victory. Primarily, that’s because that will be a change of direction in the US policies that brings uncertainty: it may force investors to look for other currencies to keep their funds. Second, Joe Biden suggests many programs that require quite a lot of money – much of which will be injected into the US economy if Joe Biden follows his words. More money – less value. There are other implications but probably that will be too much for one article. In a nutshell, it is unlikely that the USD will just stay steady where it is of Joe Biden comes to reside in the White House.
Will the EUR/USD rise above the trend on the USD uncertainty?
Joe Biden said that by 2025 (or 2030, doesn’t really matter) he wants to see the US with zero net gas emissions, etc. He sees renewable energy taking over the oil industry as the energy basis of the economy. Transitioning from oil is his proposition. Trump was very doubtful about that entire approach. He didn’t hesitate to say that this “transition” would be killing for Texas, Oklahoma, and other states that basically live off oil profits in the US. But leaving the debate aside, how realistic is it, in general, to transition to renewable energy 100%? Especially, windmills that Joe Biden is so fond of? And on top of that, how realistic would be all that to complete in a 5-year or 10-year term? Trump, as “un-green” as he may be, was factually correct to state that the US became energetically independent from other countries on his watch. The “transition” from the oil industry may not only destabilize that status but also destabilize the oil market in the world. OPEC may be happy about it though: if the US cut their oil production, there will be more space for the OPEC to market their oil. Prices may go higher.
Can Joe Biden's plan push oil into higher zones?
Obviously, Trump stands by the stock market, and the stock market stands by Trump. Biden is like from another room. By saying “the idea that the stock market is booming is his only measure of what’s happening” about Trump, Biden recognized that the stock market and the corporate world, in general, will not be his first priority should he become the US President. Meaning, that’s just another facet in Joe Biden’s stance against how the corporate world enjoys low taxes, high profits, and booming stock prices. Donald Trump explicitly said that the stock market will fall if his opponent wins the election. Indeed, many observers predict such an outcome if Joe Biden wins. Well, you know how to buy the lowest lows right?
How deep may the S&P fall is Donald Trump loses?
Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...
Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
