Summary
The race for president between Hillary Clinton and Donald Trump gets nastier every day as the election day is approaching.
Many traders ask how they can be ready to make profits of any presidential outcome. Trade presidents? Who cares who will be the next POTUS if you are prepared for any scenario? Here is the answer.
FXStreet presents the US Election panel discussion in alliance with ForexLive and Armstrong Economics. The experts will be Adam Button and Martin Armstrong; the moderator will be FXStreet’s Editor and Journalist Ross Burland.
The players:
Martin Armstrong is the Chairman of Armstrong Economics, the creator of the Economic Confidence Model, and the FXStreet's Person of the Year 2015.
Adam Button is the CEO of ForexLive, a Currency Analyst for AshrafLaidi.com, and FXStreet's Person of the year 2014.
Ross Burland is a FXStreet Editor and Analyst, social activist and CEO of Thinktwicecharity.org.
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Editors’ Picks
EUR/USD stabilizes above 1.0500 as risk mood improves
EUR/USD regained its traction and climbed back above 1.0500 in the American session on Wednesday. The improving risk mood, as reflected by rising US stocks, and mixed macroeconomic data releases from the US weigh on the USD and help the pair push higher.
GBP/USD clings to strong daily gains above 1.2150
Following a declined toward 1.2100, GBP/USD reversed its direction and rose above 1.2150. The positive shift seen in risk sentiment, alongside disappointing the ISM Services PMI data, makes it difficult for the USD to find demand and fuels the pair's daily advance.
Gold consolidates losses near the $1,800 mark Premium
After rising above $1,830 in the early American session, Gold price lost its bullish momentum but managed to stabilize at around $1,820. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.75%, allowing XAU/USD to keep its footing.
ETH staking could gain short-term preference over bonds despite record yields
The Ethereum staking market has experienced a notable surge, according to data from StakingRewards. In the past 24 hours, the number of staked ETH increased by 32.8%.
Rise in job openings sends DJIA plunging as Treasury yields soar
The DJIA opened higher on Wednesday, up 0.2%, as traders test whether Tuesday’s crash was overdone. The market is now digesting the first time in history that a US Speaker of the House was voted out of office and how that will affect current budget talks.