In today’s TradeGATEHub Live Trading session, Coach discusses the drivers behind the election melt-up and unpacks the unwinding of the Trump trade in FX and yields. Mike shares his trades for the day and reports on notable option sweeps, providing valuable insights for traders navigating these market shifts.
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EUR/USD retreats from around 1.0800 after the Federal Reserve announced its decision to cut the benchmark interest rate by 25 bps as widely anticipated. Eyes on Powell's speech.
GBP/USD hovers around 1.2950 after BoE, Fed
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Gold nears $2,700 with Fed’s announcement
Gold recovers following Wednesday's sharp decline and trades near $2,700. Federal Reserve's decision to cut rates by 25 bps is boosting demand for safe-haven assets, such as the US Dollar and Gold.
Outlook for the markets under Trump 2.0
On November 5, the United States held presidential elections. Republican and former president Donald Trump won the elections surprisingly clearly. The Electoral College, which in fact elects the president, will meet on December 17, while the inauguration is scheduled for January 20, 2025.
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