Summary
Donald Trump is going to be the 45th President of The United States of America. Many people thought about that as impossible, but it is happening. It’s history. The world is entering a phase of unprecedented uncertainty and there are fierce fights between bulls and bears.
Boris Schlossberg, Joseph Trevisani and Harry Dent will hold a discussion panel about what’s going to happen in the next four years and specially in the first days with Donald Trump as president.
What about Donald Trump’s cabinet? How new POTUS’ policies will affect common people? This is not going to be about Donald Trump’s twitter account, but what a trader should expect from his movements in the markets.
The speakers:
- Harry Dent, Financial author and founder of Dent Research.
- Boris Schlossberg, Managing Director and Founding Partner of BK Asset Management
- Joseph Trevisani, Chief Market Strategist at WorldWideMarkets
Moderator:
- Ross Burland, FXStreet Editor and Analyst, social activist and CEO of Thinktwicecharity.org.
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GBP/USD advances towards 1.42 on dollar weakness
GBP/USD has been advancing as the dollar retreats despite higher yields and as markets cheer Fed Chair Powell's pledge to accommodative monetary policy.
XAU/USD drops further to $1770 ahead of critical support
Gold dropped further during the American session and bottomed at $1769, the lowest level since last Friday. The metal erased weekly gains and is back below $1780 as US yields keep rising.
WTI pulls back from fresh cycle highs in the $63.70s
Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary (or WTI), bounced off the $63.00 level in recent trade but remain below session (and cycle) highs in the $63.70s set earlier during the European trading session. At present, WTI trades very modest in the green at around $63.25.