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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Editors’ Picks
EUR/USD: 23.6% Fib retracement support breached
EUR/USD closed Wednesday below 23.6% Fibonacci retracement of the March to September rally. The pair may challenge resistance levels at 1.1687 to 1.17, before suffering a deeper drop, as suggested by the head-and-shoulders breakdown seen on the daily chart.
USD/JPY: This could be the bulls's last dance in the 105, eyes on 103.50s
USD/JPY is stalling at market structure and bears and looking for opportunity to the downside. Bulls might have some upside to go yet, but the air will be getting thinner in those heights.
GBP/USD indecisive near 200-day SMA support
GBP/USD created a Doji candle at the confluence of the 200- and 100-day simple moving averages (SMA) on Wednesday. A Doji candle occurs when an asset sees two-way business but ends the day on a flat note. It is considered a sign of indecision.
Gold's potential short-term reprieve if USD pulls back
Gold prices have deteriorated in the US dollar's relentless comeback as investors move away from stocks. The price of the dollar is correlated to gold, so it stands to reason that if the dollar is about to tail off its gains, then gold should find reprieve.
WTI: Oil sellers face rejection below $39.30 for third straight day
WTI fades the drop to sub-$39.30 levels for the third consecutive day. The repeated bear failure may entice buyers and yield a bounce. However, Sept. 18 high remains a level to beat for the bulls.