Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub episode, Porter (@porterstansb) made a bold statement: "It doesn’t matter who is elected; a crisis is coming." Coach followed up by discussing banks, particularly BAC, and got Porter’s advice on positioning. They also explored insights on the dollar, market risks, and precious metals, giving traders a look at what might be next for the markets.
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EUR/USD could revisit recent lows on a hawkish Fed
EUR/USD is expected to remain under heavy pressure as investors continue to digest the Trump’s victory, while a hawkish message from the Fed at its meeting on Thursday could well motivate spot to retest recent lows near 1.0680.
USD/JPY: Prospects for extra gains remain on the table
USD/JPY cleared the 154.00 barrier in a convincing fashion, leaving behind the key 200-day SMA (151.60) and opening the door to potential extra gains in the short-term horizon.
Gold pares losses, consolidates around $2,660
Gold remains under heavy bearish pressure and trades at a fresh multi-week low below $2,700 as markets react to Donald Trump's victory in the presidential election. The benchmark 10-year US Treasury bond yield rises more than 4% on the day, forcing XAU/USD to stretch lower.
Coinbase’s Paul Grewal urges SEC to embrace change on crypto after Trump's victory
Paul Grewal, Coinbase's Chief Legal Officer, has asked the US Securities & Exchange Commission (SEC) to reconsider how it regulates cryptocurrencies now that Donald Trump has been elected to a second term as president.
Trump wins: Tax cuts come with a cost
Donald Trump’s victory will ensure a lower tax environment that should boost sentiment and spending in the near term. However, promised tariffs, immigration controls and higher borrowing costs will increasingly become headwinds through his presidential term.
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