In der Industrie

The Impact of the 2024 US Election on the Market

As the 2024 US presidential election approaches, investors and traders are bracing themselves for potential market volatility. The election's outcome can significantly influence the US dollar's value, cryptocurrency markets, and stock trading. Let's dive into the possible effects of the election on these markets. *US Dollar and Forex Market* Historically, the US dollar has performed well under Democratic leadership, with an average annual appreciation of 4.15% during Democratic presidential cycles ¹. Conversely, the dollar has depreciated by 1.25% per year on average during Republican cycles ¹. However, it's essential to note that these trends are not set in stone and can be influenced by various economic and geopolitical factors. *Cryptocurrency Market* The impact of the election on cryptocurrency markets is less clear-cut. Donald Trump has been vocal about his support for Bitcoin, while Kamala Harris's stance is more nuanced ¹. Some analysts believe that a Trump victory could lead to a more favorable environment for cryptocurrencies, while others argue that Harris's proposed regulatory policies could benefit the industry in the long run. *Stock Trading and Market Volatility* The election's outcome can lead to increased market volatility, particularly if the result is contested or unexpected ². A Trump victory could lead to increased economic uncertainty, potentially benefiting safe-haven assets like gold and Treasury bonds. On the other hand, a Harris victory might lead to a more stable economic environment, boosting stocks and other riskier assets. *Key Factors to Watch* When trading during the election period, keep an eye on the following key factors: - *Economic Policies*: The candidates' proposed economic policies, including tax cuts, trade tariffs, and regulatory changes. - *Market Sentiment and Uncertainty*: Shifts in market sentiment and uncertainty can significantly impact currency values and stock prices. - *Interest Rates and Monetary Policy*: The Federal Reserve's interest rate decisions will play a crucial role in determining the US dollar's value. By understanding these factors and staying informed about market developments, traders and investors can navigate the challenges and opportunities presented by the 2024 US presidential elections

2024-11-08 21:59 Nigeria

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In der Industrie

Impact of Trump election on stock market

The impact of a Trump election on the stock market is a topic of much interest. Historically, the stock market has performed well during election years, with the S&P 500 averaging an annual return of 12.2% since 1928 ¹. However, volatility typically spikes as the election approaches ¹. During Trump's previous term, the S&P 500 increased by 69.59%, driven by policies such as corporate tax cuts and deregulation ². The top-performing sectors under Trump were Financials, Technology, and Consumer Discretionary ². On the other hand, under Biden, the S&P 500 has risen by 41.87%, supported by substantial fiscal stimulus and infrastructure spending ². If Trump wins the 2024 election, his administration's focus on deregulation and tax cuts could stimulate short-term market gains ². However, these policies might also increase the federal budget deficit ². Trump's approach to trade, including potential tariff increases, could affect international markets and supply chains ². Sectors That Could Benefit from a Trump Win: - Energy: Trump's support for fossil fuels could favor integrated large-cap energy stocks like Exxon Mobil (XOM) ¹. - Domestic Manufacturing: Trump's policies could benefit domestic industrial companies and manufacturers ¹. - Cryptocurrency: Trump's favorable stance toward the cryptocurrency industry could allow related companies like Coinbase Global (COIN) to enjoy a less stringent regulatory environment ¹. Sectors That Could Struggle from a Trump Win: - Multinational Firms: Retaliatory tariffs could disadvantage multinational firms ¹. - Healthcare: Trump's policies could tighten margins for insurers and drugmakers ¹.

2024-11-08 21:42 Nigeria

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In der Industrie

XAUUSD Sentiment Analysis

**Sentiment Analysis:** The market sentiment for XAUUSD (Gold) appears mixed. Recent price movements show bearish tendencies, with a correction after crossing below $2,685, while fluctuations in global markets, currency movements, and geopolitical factors contribute to this sentiment. **Current Price and Performance:** XAUUSD is currently trading at $2,693.62. The asset has recently undergone a bearish correction, stabilizing near the $2,685 support level, suggesting a short-term downtrend influenced by a stronger USD and overall market sentiment. **Bullish or Bearish Predictions:** The analysis leans towards a bearish outlook. Several technical indicators, such as the Momentum, MACD, and multiple Moving Averages, are in sell territory, supporting a potential further decline. A continuation of the downtrend could see XAUUSD moving towards support levels at $2,641.869 (S1) and further to $2,598.025 (S2). **Key Factors:** 1. Bearish Correction: Initiated after prices fell below $2,685. 2. Stronger USD: Recent strength in the US Dollar index impacts gold negatively. 3. Fed's Monetary Policy: Recent rate cuts may influence USD and gold. 4. Technical Indicators: Predominantly in sell positions suggest a bearish trend. **Risks and Cautions:** 1. Market Volatility: Global political developments and currency fluctuations could cause significant volatility. 2. Geopolitical News: Events influencing safe-haven demand might alter gold's trajectory unexpectedly. 3. Economic Data Releases: Upcoming financial reports could impact USD strength and gold's value. **Current Price:** $2,693.62 **Recommendations:** Sell XAUUSD with a near-term target of $2,641.869 (S1). Set a stop loss at $2,712.837 (Pivot) to manage potential upward rebounds. #WikiEXPO2024Dubai #SeeingtheDiversityofInvestment #TopForexInfluencersSelection #WikiEXPO2024InfluencersProgram #TradingAnalysis #PortfolioInvestment #IAmInWikiFXBusiness

2024-11-08 20:38 Singapur

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In der IndustrieBattered China might be a global concern

Crude Oil prices are unable to catch a break, which in this case makes sense. Where there are winners, there are losers, and the upcoming US tariffs on China are an issue for Oil. High tariffs would mean that China's exports and economy could face even more setbacks, leading to less demand for Oil from China in 2025 than already anticipated. On the upside, the hefty technical level at $74.11, with the 100-day Simple Moving Average (SMA) and a few pivotal lines, is the next big hurdle ahead. The 200-day SMA at $76.79 is still quite far off, although it could get tested in case tensions in the Middle East arise. The 55-day SMA at $70.81 is still to be considered, although it has lost a lot of strength after being chopped up throughout the week. Traders need to look much lower at $67.12, a level that supported the price in May and June 2023. In case that level breaks, the 2024 year-to-date low emerges at $64.75, followed by $64.38, the low from 2023.

Nabeel Yafai

2024-11-08 22:29

In der IndustrieCrude Oil at session's low on Friday with concerns

Crude Oil eases over 1% near the US trading session on Friday, but remains within the tight range it has been trading in the past four days. The market euphoria following President-elect Donald Trump’s victory appears to be fading as energy markets shift their focus to China, where the prospect of higher US tariffs could continue to hurt growth even more in the context of already sluggish demand for Oil. This could mean even less demand than already forecasted for 2025. The US Dollar Index (DXY), which tracks the performance of the Greenback against six other currencies, has found support after markets were reassured by Federal Reserve (Fed) Chairman Jerome Powell. Not only did the Fed deliver its 25 basis points (bps) rate cut, but Powell said as well he is not going anywhere. This might take away some uncertainty on whether Powell would finish his remaining two years at the helm of the Fed after Trump’s victory cast some doubts over Powell’s future.

李志伟 (德馨诚致)

2024-11-08 22:23

In der IndustrieUSD puts pressure on precious metals

The strong US Dollar (USD) put pressure not only on Gold but also on the prices of other precious metals. Silver fell by more than 5% to $31 per troy ounce at times. Platinum slid to $970 per troy ounce and Palladium to $1,010 per troy ounce, Commerzbank’s commodity analyst Carsten Fritsch notes. “The prices of these precious metals, which are mainly used in industry, had risen due to the brightening economic outlook in China. Under Trump, new tariffs could impede foreign trade and thus weigh on the growth and demand for these three precious metals. Since Silver plays an important role in the decarbonisation of the economy, a slowdown of this process under Trump could provide less tailwind.”

李志伟 (德馨诚致)

2024-11-08 22:21

In der IndustrieUSD/JPY: Bias for downside play – OCBC

USD/JPY slipped as Trump trades unwind. Near term, election noises in US and Japan may cloud the outlook for JPY but more likely than not, election uncertainty in US and Japan should come to pass. Pair was last seen at 152.41, OCBC’ FX analysts Frances Cheung and Christopher Wong note. “BoJ is expected to uphold central bank independence and Governor Ueda had earlier said that the current political situation in Japan wouldn’t stop him from lifting rates if prices and the economy stay in line with BoJ’s forecast. On the data front, Recent labour market report also pointed to upward wage pressure in Japan with 1/ jobless rate easing, 2/ jobto-applicant ratio increasing to 1.24; 3/ trade unions calling for another 5-6% wage increase at shunto wage negotiations for 2025.”

FX1801898806

2024-11-08 22:08

In der IndustrieThe Impact of the 2024 US Election on the Market

As the 2024 US presidential election approaches, investors and traders are bracing themselves for potential market volatility. The election's outcome can significantly influence the US dollar's value, cryptocurrency markets, and stock trading. Let's dive into the possible effects of the election on these markets. *US Dollar and Forex Market* Historically, the US dollar has performed well under Democratic leadership, with an average annual appreciation of 4.15% during Democratic presidential cycles ¹. Conversely, the dollar has depreciated by 1.25% per year on average during Republican cycles ¹. However, it's essential to note that these trends are not set in stone and can be influenced by various economic and geopolitical factors. *Cryptocurrency Market* The impact of the election on cryptocurrency markets is less clear-cut. Donald Trump has been vocal about his support for Bitcoin, while Kamala Harris's stance is more nuanced ¹. Some analysts believe that a Trump victory could lead to a more favorable environment for cryptocurrencies, while others argue that Harris's proposed regulatory policies could benefit the industry in the long run. *Stock Trading and Market Volatility* The election's outcome can lead to increased market volatility, particularly if the result is contested or unexpected ². A Trump victory could lead to increased economic uncertainty, potentially benefiting safe-haven assets like gold and Treasury bonds. On the other hand, a Harris victory might lead to a more stable economic environment, boosting stocks and other riskier assets. *Key Factors to Watch* When trading during the election period, keep an eye on the following key factors: - *Economic Policies*: The candidates' proposed economic policies, including tax cuts, trade tariffs, and regulatory changes. - *Market Sentiment and Uncertainty*: Shifts in market sentiment and uncertainty can significantly impact currency values and stock prices. - *Interest Rates and Monetary Policy*: The Federal Reserve's interest rate decisions will play a crucial role in determining the US dollar's value. By understanding these factors and staying informed about market developments, traders and investors can navigate the challenges and opportunities presented by the 2024 US presidential elections

blamo

2024-11-08 21:59

In der IndustriePound Sterling trades subduedly

The Pound Sterling (GBP) trades lower against the US Dollar (USD) below the psychological resistance of 1.3000 in Friday’s North American session. The GBP/USD weakens slightly as the US Dollar rebounds after a sharp correction on Thursday. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, trades in a tight range near 104.50. The Greenback retraced almost 60% of Wednesday’s rally on Thursday as traders unwinded some of the so-called ‘Trump trades’ and the Federal Reserve (Fed) Chair Jerome Powell’s commentary was interpreted as slightly dovish. The US Dollar rallied in October and in the first week of November as traders priced in Republican Donald Trump’s victory in the United States (US) presidential election.

FX1801898806

2024-11-08 21:58

In der IndustrieThe crypto market stands on top

The cryptocurrency market is consolidating near the $2.5 trillion mark after pulling back slightly from the local peak. Judging by intraday performance, the market is undergoing a shakeout of positions as some players close positions related to the idea of a Republican victory. The market's further momentum will depend on whether politicians continue to support crypto, which creates the risk of volatility. Bitcoin is hovering around $75.7K, close to the highs. This stabilisation in the 3% range is helping to blow off steam for short-term speculators who were closing in on the idea of a Trump victory. The technical picture has changed a little: Bitcoin is close to the upper boundary of the upward channel, which raises the risk of a corrective pullback. At the same time, after rising above 72, the first cryptocurrency has broken through the upper boundary, suggesting further growth.

零度€

2024-11-08 21:45

In der IndustrieImpact of Trump election on stock market

The impact of a Trump election on the stock market is a topic of much interest. Historically, the stock market has performed well during election years, with the S&P 500 averaging an annual return of 12.2% since 1928 ¹. However, volatility typically spikes as the election approaches ¹. During Trump's previous term, the S&P 500 increased by 69.59%, driven by policies such as corporate tax cuts and deregulation ². The top-performing sectors under Trump were Financials, Technology, and Consumer Discretionary ². On the other hand, under Biden, the S&P 500 has risen by 41.87%, supported by substantial fiscal stimulus and infrastructure spending ². If Trump wins the 2024 election, his administration's focus on deregulation and tax cuts could stimulate short-term market gains ². However, these policies might also increase the federal budget deficit ². Trump's approach to trade, including potential tariff increases, could affect international markets and supply chains ². Sectors That Could Benefit from a Trump Win: - Energy: Trump's support for fossil fuels could favor integrated large-cap energy stocks like Exxon Mobil (XOM) ¹. - Domestic Manufacturing: Trump's policies could benefit domestic industrial companies and manufacturers ¹. - Cryptocurrency: Trump's favorable stance toward the cryptocurrency industry could allow related companies like Coinbase Global (COIN) to enjoy a less stringent regulatory environment ¹. Sectors That Could Struggle from a Trump Win: - Multinational Firms: Retaliatory tariffs could disadvantage multinational firms ¹. - Healthcare: Trump's policies could tighten margins for insurers and drugmakers ¹.

FX4238270494

2024-11-08 21:42

In der IndustrieImpact of Trump election on USDT

The impact of the Trump election on USDT (Tether) is a fascinating topic. While I couldn't find direct information on USDT, I did find some insights on how Trump's election affects the broader cryptocurrency market. Trump's Election Impact on Cryptocurrencies Historically, cryptocurrencies like Bitcoin have performed well after US elections, with a 4,268% increase in the 400 days following the previous three elections ¹. This trend might continue, benefiting other cryptocurrencies, including USDT. Market Sentiment and Volatility Trump's re-election could increase volatility in the US bond market and decrease equity market volatility, boosting stock prices ². This shift in market sentiment might influence cryptocurrency prices, including USDT. Potential Outcomes A Trump victory could lead to: - Increased market-oriented policies, potentially benefiting cryptocurrencies ² - Reduced environmental concerns, which might impact eco-friendly cryptocurrencies ² - Trade policy changes, affecting global markets and potentially influencing USDT ²

FX4238270494

2024-11-08 21:39

In der IndustrieXAUUSD Sentiment Analysis

**Sentiment Analysis:** The market sentiment for XAUUSD (Gold) appears mixed. Recent price movements show bearish tendencies, with a correction after crossing below $2,685, while fluctuations in global markets, currency movements, and geopolitical factors contribute to this sentiment. **Current Price and Performance:** XAUUSD is currently trading at $2,693.62. The asset has recently undergone a bearish correction, stabilizing near the $2,685 support level, suggesting a short-term downtrend influenced by a stronger USD and overall market sentiment. **Bullish or Bearish Predictions:** The analysis leans towards a bearish outlook. Several technical indicators, such as the Momentum, MACD, and multiple Moving Averages, are in sell territory, supporting a potential further decline. A continuation of the downtrend could see XAUUSD moving towards support levels at $2,641.869 (S1) and further to $2,598.025 (S2). **Key Factors:** 1. Bearish Correction: Initiated after prices fell below $2,685. 2. Stronger USD: Recent strength in the US Dollar index impacts gold negatively. 3. Fed's Monetary Policy: Recent rate cuts may influence USD and gold. 4. Technical Indicators: Predominantly in sell positions suggest a bearish trend. **Risks and Cautions:** 1. Market Volatility: Global political developments and currency fluctuations could cause significant volatility. 2. Geopolitical News: Events influencing safe-haven demand might alter gold's trajectory unexpectedly. 3. Economic Data Releases: Upcoming financial reports could impact USD strength and gold's value. **Current Price:** $2,693.62 **Recommendations:** Sell XAUUSD with a near-term target of $2,641.869 (S1). Set a stop loss at $2,712.837 (Pivot) to manage potential upward rebounds. #WikiEXPO2024Dubai #SeeingtheDiversityofInvestment #TopForexInfluencersSelection #WikiEXPO2024InfluencersProgram #TradingAnalysis #PortfolioInvestment #IAmInWikiFXBusiness

Sri Thesigan Murugan

2024-11-08 20:38

In der IndustrieImpact of Trump election on stock market

If Donald Trump were to win the 2024 election, analysts expect a mix of benefits and risks for the stock market. His emphasis on deregulation and potential tax cuts could boost corporate earnings and initially drive market gains, especially in sectors like energy, finance, and defense. However, his stance on tariffs and the possibility of reigniting trade tensions could bring volatility, impacting sectors reliant on global supply chains. Given the high inflation environment, the broader market impact will likely depend on Federal Reserve actions as much as Trump's policies. Investors remain cautious, with both inflationary pressures and potential fiscal deficits posing significant long-term considerations for market stability.

sincere

2024-11-08 19:46

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