Tag: Kamala Harris

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Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

Analysts at FXStreet see no turn around in Europe’s growth woes especially given rising gas prices this winter. MarketWatch reports the current DXY is at 108.88 (12:21 AM EST) and FXStreet analysts can see the DXY going as high as 110.0 before making a pullback. FXStreet analysts also see continued dollar strengthening expecting the EUR/USD … Continue reading Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

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The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

The 4:15 pm fix is in. According to the Federal Reserve’s data, two-year and ten-year yields have been inching up over the last week. Throw in a little dollar weakening compared to the euro. Given we are closer to the beginning of Election Day (14.5 hours at the time of this writing), could some political … Continue reading The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

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Good day, Australia and Japan. The American currency continues to strengthen …

It’s around 11:26 in the morning in Tokyo. Good morning. I am wishing Sydney an early good afternoon. It’s about 1:26 pm on your side of the world. Other than the Dallas Cowboys getting spanked by the San Francisco 49ers, there is nothing major to report. Wait a minute. There is an election to choose … Continue reading Good day, Australia and Japan. The American currency continues to strengthen …

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How should traders position themselves in a split political environment?

NPR’s Ashley Lopez today published a piece discussing the possibility of neither Donald Trump or Kamala Harris receiving the required 270 votes from the Electoral College to be declared President-Elect. Ms. Lopez describes the process where if neither candidate receives the minimum 270 votes, then it would be up to at least 26 congressional delegations … Continue reading How should traders position themselves in a split political environment?

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Three U.S. senators recommend a 75-basis point cut in the fed funds rate.

Between 9:02 am and 11:26 am, the CME FedWatch tool reflected an increase in the chances that the Federal Open Market Committee would increase the federal funds target range by 50-basis points. Traders expect a 61% chance of a 50-point increase. Chances of a 25-point increase has slipped to 39% at the time of this … Continue reading Three U.S. senators recommend a 75-basis point cut in the fed funds rate.

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Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.

Tonight’s debate between Vice President Kamala Harris and former president Donald Trump will likely leave traders with more questions than answers about how each candidate will use Executive power under the Constitution to drive expansion in the economy. The top concern of most Americans is how each candidate proposes to put a car in every … Continue reading Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.