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: Back above 50-hour MA, needs to keep gains to weaken bearish outlook
EUR/USD has moved back above the 50-hour moving average (MA). The pair is currently trading at 1.0810 and the average is located at 1.0808. Throughout the recent decline from 1.1095, the pair has charted bearish lower highs just above the 50-hour MA.
USD/JPY stalls correction from nine-month tops, steadies around 111.30
USD/JPY holds steady around 111.30 amid a risk-on rally seen in the Asian equities. The risk barometer surged to the highest in nine months of 111.60 on Wednesday amid fading China coronavirus fears amid cautiously optimistic FOMC minutes.
GBP/USD: 15-week-old rising trendline on bears’ radar
GBP/USD declines to 1.2920 during Thursday’s Asian session. In doing so, the pair extends its U-turn from 50-day SMA while nearing the key support trend line from November 2019. Also supporting the odds of the pair’s further declines could be the bearish MACD.
Gold: Pulls back amid overbought RSI, multiple upside barriers ahead
Gold prices decline to $1,606 during the early Thursday. The yellow metal surged to the highest since March 2013 the previous day but failed to hold onto gains due to the overbought RSI conditions.
WTI refreshes three-week high to cross $53.75 following API data
WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from API.