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Trump vs Biden - How will the stock market react?Equity Markets have been on a consolidation level ever since reaching their all-time high level back in September. This extended uptrend came after the Corona Virus Market crash and adjusted ever since the 23rd of March 2020. Back in 2016, Trump won the presidential race against his tough opponent, Hillary Clinton. When the results were announced, reactions were mental from the democratic people, signaling a failed state. On the contrary, the US stock market recorded huge gains and markets were all up for the day and kept on an uptrend, all until the recent Covid-19 crash. Donald Trump is known to be corporate-friendly, meaning he lowers the taxes on corporations for them to be able to expand and employ more Americans. Companies love the Donald. He doesn’t care about the environment, thus he doesn’t impose any Green Sanction, which usually comes at a very high cost. That’s why stock markets should go up if Donald Trump wins the 2020 US elections. On another hand, a Biden win would most probably cause a stall in the stock market in the long run. More corporate taxes will be imposed, Green Sanctions and US companies will look to incorporate elsewhere. That's all in theory...we'll keep a close lookout on how the markets react, that's when the results are finally announced with all the mail in drama. More on this in relation to cryptocurrencies: cryptoticker.io
SP:SPX
by RudyFares
Trend in EURJPY The next American president is currently being elected. In the coming days we will find out who he will be, but the movements have already begun. Expect big fluctuations! During this time we see a very good trend of H4 of EURJPY, which should continue its downward movement. The first support is the previous bottom at 121.76, In case of a break we expect the price to reach 120.10 You can enter after seeing a break in the previous bottom. In this way the trend will be confirmed. Successful trading! To support us, like and comment!
Short
by ForexTrendline
XBTUSD - US election | 69,369.164 BTC movedInteresting behavior. Short $14k third time in row would be too easy for BTC. Btw, 69,369.164 BTC were moved (almost $1B) from one address to another from a wallet where there have been no transactions since 2015. But it doesn't affect the price at any way it seems US election uncertainty + large BTC moves, I would be better watching for the sidelines. Looking forward to a suitable opportunity Information is just for educational purposes, never financial advice. Always do your own research. Hit the "LIKE" button and follow to support, thanks!
BITMEX:BTCUSD.P
by Bitduke
2
US Elections Made Crowds Turn a Blind Eye on Brilliant ReportsU.S. Elections Made Crowds Turn a Blind Eye on Brilliant Corporate Reports It seems that stock markets and currencies, as well as commodities, are no longer willing to respond appropriately to the regular macroeconomic background or even to the important Q3 corporate reports from giant companies. The investment community itself seems to not care about forming any mental conception or any expectations concerning the outcome of the Bank of England’s meeting or the U.S. Federal Reserve’s meeting this Thursday. An extreme uncertainty surrounding the foggy U.S. election process is driving investors to be cautious, so that nobody is eager to load their investment stomachs too much with additional food of shares and other market assets that may be difficult to digest during what is to come during the next couple of weeks. It is easier and healthy to keep things as they are until the visionary revelation from Washington may descend on the market community. There is even less economic fundamental clarity because of limited lockdowns in France, Germany, and now in the U.K. too. Large businesses continue to operate almost as usual, but the service sector and the general public are still nervous about the prospects surrounding their regular income, which may lead to limited demand, so "all that jazz" does not create grounds for optimism right at the moment. Amazon, the world's largest online retailer, beat its own all-time earnings record with $12.37 per share for the Q3 2020 on Thursday, against $7.41 of average forecasts only by expert polls in Bloomberg. And it was done on a record revenue of $96.15 bln. Amazon CEOs foresee for Q4 2020 that the company will have much better net sales, in a range between $112 bln and $121 bln, which is definitely higher than all previous estimations of most market experts and of the IT-giant itself. Yet, the market crowd preferred to save this juicy bonne bouche for later, by selling Amazon shares immediately above $3200 even before the report was released and then by selling Amazon again above $3150 just from the very start of Friday's pre-market trade to kick the prices quickly down to the $3030 area before the end of the week. Exactly the same story happened with Apple shares, despite better-than-expected Q3 2020 revenue, which exceeded each of the results for Q1 or Q2 2020 and even Q3 2019. Nevertheless, that didn't help Apple shares to hold at least a $110 landmark, so the Apple Co stock prices finished the previous week at $108.86. It is unlikely that lower sales of the iPhones may serve as a convincing excuse for such a decline in Apple shares after $125 per share in mid-October, since it has been clear for some time that consumers would not want to buy too many old-model iPhones in Q3, expecting the future opportunity to get the new iPhone 12 series with 5G technology decisions in Q4. Most of the funds and private investors are simply trying to postpone the purchase of any new shares, especially of expensive "big techs", until after the end of the U.S. presidential election. But for now, on the contrary, they are taking some profits each time they catch some better prices to fix profit, fearing some lower dips on the charts. All eyes are now on America. What's going to happen there? As Joe Biden, the Democratic contender for the hot U.S. presidential seat, just focuses on rallies in two swing states of Pennsylvania and Ohio during the last day of campaigning on Monday, the incumbent U.S. President Donald Trump is trying to clear the hurdle at the final curve with a speed that is almost beyond normal human ability by holding as many as five rallies today to encourage his potential supporters in North Carolina, Pennsylvania, Wisconsin plus two in Michigan. That's after staging five more rallies a day on Sunday, when he already inflamed the crowds in the same Michigan and North Carolina, plus Iowa, Georgia and Florida. The inexhaustible Mr Trump is going to close out the two-day intense trip late night in Grand Rapids, Michigan, exactly the same location where he finished his campaign in 2016, when he took Michigan, Pennsylvania and Wisconsin, which were three Democratic states for decades. Perhaps, he just believes in omens and hopes to repeat, in some way, his success of four years ago. However, it would be very difficult for him to repeat such a heroic deed once again, since the gap even in those battleground states is allegedly several percent in favour of Mr Biden, at least according to all official polls. Each of Mr Trump's stage rallies created a more visually effective picture with dancing and emotionally chanting crowds than rather slumberous meetings of Mr Biden with an audience usually consisting of hundreds of people inside their klaxoning vehicles, because more people are following COVID-19 restrictions during Democratic events. Anyway, Donald Trump warned again that the outcome of the election might not be known on Tuesday night, due to the counting of mail-in votes in tossup states. "I think it's highly like you’re not going to have a decision because Pennsylvania is very big," Trump said, for example, in Newtown just two days ago. He makes similar statements at all his rallies, so Mr Trump is clearly not going to admit defeat in any cut of cards on Wednesday morning. Reuters wrote that a record 90 million Americans have voted early in the election, data of the weekend showed. The high number of early voters, about 65% of the total turnout in 2016 already, reflects the coronavirus worries. But mail-in votes counting nationwide may last longer than anybody could expect, and more than that, the results in tossup states may be challenged in courts of any state or even finally in the Supreme Court. Disclaimer: Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade.
TVC:SPX
by Frederico_FXAnalyst
SP500 Charting: 2016 US Elections vs 2020During my regular weekend charting I was looking at the SP500 and compared current development to 2016 US elections when stocks turned up aggressively higher. But before market resumed higher we saw a top in August then retracement followed by a bounce after three leg correction. This time, I see very similar development, which can be the case if Trump wins. In such case we should watch 3k. However, I am worried that coronavirus may actually "steal" the move, and take a deeper pullback or cause ongoing consolidation if number of cases will continue to rise with upcoming lock-downs like in EU. Even if Trump wins and cases go up, he will be forced to take actions. Be careful this week, because it's not only the US elections, also plenty of other events and data, such as RBA and BOE rates, US ISM PMI, FOMC statement and even NFP on Friday.
CME_MINI:ES1!
by ew-forecast
22
S&P500 Performance In US Election. What to Expect This Week?Only two days left until the elections and Wall Street is bracing itself for the next president of the United States - Trump or Biden. US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. Last week, the S&P 500 has taken its deepest dive, dropping 5.5%, while the US GDP increased by a surprising 31%. Below is my previous analysis of S&P500 and how Elliot Wave prepares us for the crazy decline. What to expect during the week? The chart above shows that SPX decline is still making an incomplete five-wave impulse sequence. The price is expected to keep heading lower and selling the rally after a short-term swing higher is ideal. The price has the potential to retest the lower boundary of the channel to complete the bearish sequence. What's your view on S&P500? Let me know in the comment. Safe Trading! Veejahbee.
OANDA:SPX500USDShort
by Veejahbee
2
US Election - NZDUSD Sell Trade SetupA week of high-volatility ahead of us in the FX market as the US presidential electio n is only a few days away. Sharp and unexpected price movement could happen around the time election results are announced and days after. So stay vigilant and trade safely. As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action for my trading decision. There is a lot of high-probability setups I'm watching this week but I would like to share the NZDUSD now. After the strong impulsive decline on NU, the price has been trading sideways and it contained within a parallel channel. The upper boundary of the channel has been tested about four times and also rejected a strong S&R level. I will be expecting further weakness on this pair in the days ahead. I will wait for the break of the green line for entry and my stop at red lines for both conservative and aggressive stop placement. What are you looking at this week? Will you be trading? Let me know in the comment Regards, Veejahbee.
Short
by Veejahbee