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
Gold surges on safe-haven demand, tests $5,400
Gold benefits from intense risk-aversion on Monday and climbs to the $5,400 region, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.
Oil retreats from seven-month high, WTI holds above $71.00
Cure oil prices started the week with a huge bullish gap and the barrel of West Texas Intermediate (WTI) touched its highest level since June above $75 as markets reacted to the closure of Strait of Hormuz following the US and Israel attacks on Iran. Although WTI retreats in the Euroepan morning, it holds comfortably above $71.
EUR/USD slumps below 1.1750 as USD benefits from risk-aversion
EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.
Bitcoin on brink of breakdown amid US-Iran war
Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.
The week ahead: Conflict in the Middle East jolts markets
Events in the Middle East are obviously dominating financial markets this morning. The Brent crude oil price is extending gains and is higher by more than 8%, stock futures are pointing lower and the gold price is higher by more than 2%.
Here is what you need to know on Monday, March 2:
Safe-haven flows dominate the action in financial markets to start the week after the United States and Israel carried out a coordinated attack on Iran over the weekend. The US economic calendar will feature the Institute for Supply Management's Manufacturing Purchasing Managers' Index data for February later in the day but investors will remain focused on headlines coming out of the Middle East.