empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

08.11.201808:31 Forex Analysis & Reviews: Global macro overview for 08/11/2018

Revisione a lungo termine
Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Today's session was dominated 100% by politics, specifically the results of the American half elections (so-called midterms), in which new members of the Congress were elected, as well as 1/3 of the Senate. We dealt with a scenario that has recently been rare in politics, i.e. with the exact implementation of scenarios that media and polls suggested before the elections. The "blue wave", which was supposed to bring the triumphant victory to the Democrats, turned out to be much smaller than they would like to believe, but it was enough to get 220 votes (vs. 193 Republican votes) in the new term of office according to the most up-to-date estimates. President Trump, in his own way, assessed that he was a huge success (indeed his party maintained key seats in the Senate), but the facts are that the analogous division of votes in the presidential election would make the Democrat sit down in the White House in the next term. Still, comparing the current polls with the history of the half elections in recent years, it is difficult to see this clash differently than a tie.

The market reaction is very ambiguous. USD loses about -0.4% against the basket of currencies, the EURUSD rate is around 1.1470. This is in line with the consequences of the elections that we think most likely, i.e. a significant reduction in the chances of further tax cuts. In practice, this means potentially lower inflation and economic growth. At the same time, however, it seems that the stock exchanges have received the data with relief, which is a bit surprising, because it is not known what the distribution scenario would be worse - double Democrat win seemed almost unbelievable, Republicans were much more likely to preserve the status quo in Congress.

Let's now take a look at the US Dollar Index technical picture at the H4 time frame after the results are now official. The SPX rallied higher towards the technical resistance at the level of 281.09 and the price is currently hovering around this level. The gap up was made before this move and now is located between the levels of 275.27 - 277.07. The next target for bull is seen at the level of 285.40. The momentum remains strong, but the market conditions are now overbought, so some sort of a corrective pull-back might occur any time now.

Exchange Rates 08.11.2018 analysis

Eseguito da Sebastian Seliga
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.




Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off