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.
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Editors’ Picks
AUD/USD: Upside appears capped at 0.6300 on Trump's tariff fallout
AUD/USD struggles to build on the previous day's rebound and remains below the 0.6300 mark early Wednesday, anticipating US President Trump's tariffs announcement later in the day. However, buyers continue to draw support from China's stimulus optimism and RBA's prudence on the policy outlook.
USD/JPY holds losses below 150.00 as traders await Trump's tariffs
USD/JPY stays defensive below 150.00 in Wednesday's Asian trading as traders turn cautious ahead of Trump's reciprocal tariffs announcement. A cautious market mood and BoJ Ueda's comments underpin the Japanese Yen, keeping the pair under pressure amid a subdued US Dollar.
Gold price holds comfortably above $3,100 amid trade jitters
Gold price attracts some dip-buyers following the previous day's retracement slide from the record high amid persistent safe-haven demand, bolstered by worries about a tariff-driven global economic slowdown. Furthermore, Fed rate cut expectations and the lack of USD buying interest offer additional support to the XAU/USD.
Solana traders risk $120 reversal as FTX begins $800M repayments on May 30
Solana’s price remained pinned below $130 on Tuesday, despite a broader market recovery. While Bitcoin, Ripple, and Cardano posted gains exceeding 3% over the past 24 hours, SOL lagged behind.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
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