Summary
The race for president between Hillary Clinton and Donald Trump gets nastier every day as the election day is approaching.
Many traders ask how they can be ready to make profits of any presidential outcome. Trade presidents? Who cares who will be the next POTUS if you are prepared for any scenario? Here is the answer.
FXStreet presents the US Election panel discussion in alliance with ForexLive and Armstrong Economics. The experts will be Adam Button and Martin Armstrong; the moderator will be FXStreet’s Editor and Journalist Ross Burland.
The players:
Martin Armstrong is the Chairman of Armstrong Economics, the creator of the Economic Confidence Model, and the FXStreet's Person of the Year 2015.
Adam Button is the CEO of ForexLive, a Currency Analyst for AshrafLaidi.com, and FXStreet's Person of the year 2014.
Ross Burland is a FXStreet Editor and Analyst, social activist and CEO of Thinktwicecharity.org.
Latest Live Videos
Editors’ Picks
EUR/USD bounces off lows, back to 1.1860
EUR/USD now manages to regain some balance, retesting the 1.1860-1.1870 band after bottoming out near 1.1830 following the US NFP data on Wednesday. The pair, in the meantime, remains on the defensive amid fresh upside traction surrounding the US Dollar.
GBP/USD rebounds to 1.3660, USD loses momentum
GBP/USD trades with decent gains in the 1.3660 region, regaining composure following the post-NFP knee-jerk toward the 1.3600 zone on Wednesday. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.
Gold stays bid, still below $5,100
Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of humble gains in the US Dollar and firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.
Ripple Price Forecast: XRP sell-side pressure intensifies despite surge in addresses transacting on-chain
Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.
US jobs data surprises to the upside, boosts stocks but pushes back Fed rate cut expectations
This was an unusual payrolls report for two reasons. Firstly, because it was released on Wednesday, and secondly, because it included the 2025 revisions alongside the January NFP figure.
Nonfarm Payrolls increase by 130,000 in January vs. 70,000 forecast
NFP in the US rose by 130,000 in January, the US Bureau of Labor Statistics reported on Wednesday. This reading followed the 48,000 (revised from 50,000) increase recorded in December and came in above the market expectation of 70,000.