Hong Kong

2024-11-04 12:02

NgànhMarkets turn to 'Harris trade'
If the weekend shift in betting markets is anything to go by, Democratic presidential candidate Harry Harris has a lot of momentum. With less expansionary fiscal policy than Trump advocated, traders rushed to price in the reduced risk of a red wave in Congress, which caused the dollar to open weaker today and the euro and Australian dollar to briefly turn bullish. In other words, this is the betting market's reaction to the apparent shift from Trump to Harris in key swing state races. While the market is skeptical of the reliability of the poll results, there is no denying that the market continues to be influenced by it as Election Day approaches. Despite an important reversal pattern in EUR/USD on Friday, Monday's opening move largely negated that signal. The Harris trade is reflected in momentum indicators in Europe and the United States, with the Relative Strength Indicator (RSI) moving higher and the MACD showing a bottom gold cross confirming the bullish signal. However, given the volatile price action and lack of long-term bullish momentum, I would not be overly bullish on this signal. The short-term bias is still to buy EUR/USD on dips, especially if the market continues with the Harris trade. EUR/USD support is expected at 1.0832, 1.0778 and 1.0768 (key here). Resistance stands at 1.0906 and 1.0952.
Thích 0
Tôi cũng muốn bình luận.

Đặt câu hỏi

0bình luận

Chưa có người bình luận, hãy là người bình luận đầu tiên

Steven123
거래자
Bình luận phổ biến

Ngành

Có cao quá k?

Ngành

Xin ý kiến liberforex

Ngành

Đầu tư CDG

Ngành

Cắt lỗ

Ngành

Có nên chốt lỗ?

Ngành

Hỏi về dòng tiền

Phân loại diễn đàn

Nền tảng

Triển lãm

IB

Tuyển dụng

EA

Ngành

Chỉ số thị trường

Chỉ số

Markets turn to 'Harris trade'
Hong Kong | 2024-11-04 12:02
If the weekend shift in betting markets is anything to go by, Democratic presidential candidate Harry Harris has a lot of momentum. With less expansionary fiscal policy than Trump advocated, traders rushed to price in the reduced risk of a red wave in Congress, which caused the dollar to open weaker today and the euro and Australian dollar to briefly turn bullish. In other words, this is the betting market's reaction to the apparent shift from Trump to Harris in key swing state races. While the market is skeptical of the reliability of the poll results, there is no denying that the market continues to be influenced by it as Election Day approaches. Despite an important reversal pattern in EUR/USD on Friday, Monday's opening move largely negated that signal. The Harris trade is reflected in momentum indicators in Europe and the United States, with the Relative Strength Indicator (RSI) moving higher and the MACD showing a bottom gold cross confirming the bullish signal. However, given the volatile price action and lack of long-term bullish momentum, I would not be overly bullish on this signal. The short-term bias is still to buy EUR/USD on dips, especially if the market continues with the Harris trade. EUR/USD support is expected at 1.0832, 1.0778 and 1.0768 (key here). Resistance stands at 1.0906 and 1.0952.
Thích 0
Tôi cũng muốn bình luận.

Đặt câu hỏi

0bình luận

Chưa có người bình luận, hãy là người bình luận đầu tiên