Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
There can be little doubt at this stage; that if Donald Trump reclaims the White House on November 5 there will be serious doubts on the prospect of the lowering rates just a couple of days later. Right now though the consensus across the markets is for the Fed to lower rates by 0.25% on November 7. That is by no means a certain outcome though and of course the race to win the White House is just too close to call. That said, BTC seems to think it knows the outcome already today. The point here is; if Trump wins he has vowed to lower corporate tax to 15% from the current level of 21%. That in itself is inflationary as is his vow to slap massive trade tariffs on the rest of the world. The thing about Trump, whether you like him or not, is he has a clear reputation for doing what he says he will. So, can the Fed lower rates again in the face of such a prospect? Well, surely that is doubtful and that is seemingly the key for the US dollar and in that respect for the EUR/USD too. Incidentally, the Euro is just now slipping to fresh session lows at 1.0803- coincidence?
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
Start here. Join over 3M Libertex users around the world!