The US dollar was falling ahead of the midterm elections in anticipation of a Republican Senate and / or House. As the Dems have performed better than expected, we have seen a reversal of these pre-emptive moves on the eve of the US inflation report.
Expectations are for core CPI to soften (slightly) - but what if it doesn't? Inflation elsewhere continues to...
Hello everyone,
I've been looking at #USOIL for a while now and I want to share my setup with you. A quick look at the fundamentals of Oil market along with a beautiful chart for oil tells me there is no stopping oil in the short term.
Some reasons for bullish Oil:
- Potential legislation to tax Oil giants floated by Biden in the closing days of midterm
- Dem...
Good morning! Here we are, Election Day has passed and we get the CPI report tomorrow. Couple things about the Mid Terms. Generally, the markets like it when Democrats have partial control and Republicans partial control. The expectations are, that the Republicans will win the House. If that happens, that could be a good thing for the markets. At the time of...
EUR/USD has reversed course today and is in negative territory. In the North American session, the euro is trading at 1.0043, down 0.30%.
The US dollar has rebounded after a 3-day slide against the major currencies. The dollar downswing started on Friday after a lukewarm employment report raised expectations that the Fed will deliver a "modest" 50-basis point,...
The Australian dollar has posted sharp gains, as the US dollar is lower against the majors in the North American session. AUD/USD is trading at 0.6542, up 0.97%.
Australia's NAB Business Confidence for October slipped to zero, down from 5 points in September. The significant decline is reflective of a drop in orders, higher rates at home and a gloomy global...
As we look ahead to the US midterms on 9 November, the question traders ask is whether it has the potential to be a risk event and promote increased cross-market volatility – as part of the risks assessment, the election has implications on whether to reduce trading exposures over the event.
Anecdotally it feels like traders aren’t giving the elections too much...
Take a look at the correlation between Bitcoin price and Presidential & Midterm Elections over the past 10 years. In 2012, 2016, and 2020, price started to rally on election day. These were also years of the Bitcoin halving. In 2014 and 2018, price started to drop substantially on election day. Will we see the same for 2022?
Take a look at the correlation between the S&P 500 and Presidential & Midterm Elections over the past 10 years. In 2012, 2016, and 2020, price started to move upward on election day. In 2014 and 2018, price started to move downward on election day. Will we see the same for 2022?
Alright so I know that this site is all TA. BUT news and events are major factors as well. So First, the graph shows an upward trend.The alligator is becoming bullish and so is the awesome oscillator. So I WOULD say go LONG. HOWEVER the midterms are closing in! And I do not care about your beliefs only the results. If the democrats win, then they are gonna...
Whats up Traders - As always, the explanation is on the chart.
Just some food for thought and concern. I am NOT the only one talking about this by a long shot.
Keeping an eye on things, and like most seasoned traders, We are trading with extreme caution right now
- - Macro Headwinds - -
China - Trade-war / Tariffs
November Election / Midterms
Saudi Arabia...
