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 comes under pressure near 1.1600
EUR/USD is now facing increasing selling pressure, abandoning the area of recent daily highs and refocusing on the 1.1600 region amid decent losses for the day. The pair’s correction comes in response to the acceptable bounce in the US Dollar, while traders gear up for upcoming key data releases in the US.
GBP/USD recedes to 1.3140 on USD rebound
GBP/USD remains on the back foot on Friday, retreating to the 1.3140 region on the back of the marked upside impulse in the Greenback. In the meantime, worries about the UK’s fiscal discipline and political stability keep the British Pound under scrutiny, weighing on Cable. Adding to the noise, reports suggested PM Starmer and Chancellor Reeves have shelved plans to raise income tax rates.
Gold meets some contention just above $4,000
Gold trade with heavy losses, approaching the key $4,000 mark per troy ounce on the back of the marked bounce in the US Dollar, higher US Treasury yields across the curve and fading expectations for a Fed rate cut in December.
Crypto Today: Bitcoin, Ethereum, XRP sell-off persists amid low institutional and retail demand
Bitcoin is trading above $97,000 at the time of writing on Friday amid a sticky bearish wave in the broader cryptocurrency market. The sell-off extends to altcoins, with Ethereum and Ripple hovering below $3,200 and $2.30, respectively.
Weekly focus: Looking towards post-shutdown US data
The end of US government shutdown was not enough to drive a lasting recovery in markets' risk appetite, with equity and bond markets weakening towards the end of the week.
Week ahead:
Next week, we’ll be watching for September’s delayed US jobs report and the release of October's more hawkish Fed minutes, which could dampen hopes for a December rate cut.