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Presidents’ Day savings come early for Libertex indices and Forex traders

Wed, 10/07/2020 - 12:57

The US presidential election is now just a month away, and it’s taken on even more significance in the context of the current worldwide crisis. With the first presidential debate already over, it won’t be long now until Americans go to the polls. Come 3 November, we’ll finally know whether we’re looking at 4 more years of Trump or a new era of Biden.

Whoever ends up in the Oval Office next month will have a tough task on his hands. Between the trade stand-off with China, the oil demand crisis and the COVID-induced downturn, the US is in a challenging place right now. Nevertheless, many of you may be aware that there is one segment of the market that has appeared mostly immune to all of this negativity; Big Tech has been the dark horse of the past few months, actually thriving where other industries have been failing. Not only was it the sector that declined the least in the initial crash, but it also recovered far more quickly and even recorded new all-time highs by the summer, while travel and leisure stocks remained in the red.

Trade Nasdaq and EUR/USD for less

When you think of US technology equities, the first thing that comes to mind is invariably the Nasdaq index. It’s a veritable who’s who of tech stocks and offers an accurate reflection of the fortunes of the entire industry. So, in honour of the upcoming election, we’ve decided to slash our already low commission on the world’s premier tech index. That’s right! From 7 October, we’ll be cutting our commission for NASDAQ: CASH in Libertex trading platform to an unprecedented value, starting from 0.0195%! As if that wasn’t enough, we’ll also be giving our loyal traders zero spreads on the same instrument and all the rest ones in Libertex. Now, that’s not something you see every day!

And because we didn’t think it would be fair to leave Forex traders out of the action, we’re also cutting our commission on EUR/USD in Libertex trading platform by up to 30%. That means you can trade the EUR/USD at a handsome discount and take advantage of the inevitable volatility in and around this momentous date of the Election. This pair has been bullish for some time now, but cracks are starting to appear, with many experts predicting protracted declines over the coming weeks. We also saw a correction on the Nasdaq very recently. Given Biden’s positions on corporate taxes and tighter regulation of internet companies, a reversal could certainly be in the cards in a Biden White House.

Whatever you think is going to happen post-election, Libertex has got you covered.

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