Electoral utopia will affect the US dollar exchange rate

1 September, 2016

The lull in the financial world seems to be alarming. For about half a month, the quotations of the major indexes have not changed significantly. The charts that demonstrate a thready pulse would generate a lot of speculations and create the most unexpected forecasts. The main locomotive of the World economy is America and, particularly, its monetary system. During the election campaign in the United States there is a semblance of stability in the financial sector - all macroeconomic statistics begins to demonstrate only positive dynamics. Based on this, the general public /society have confidence to the candidates there.

However, in contrast to this, the idyllic picture may not come true this week. The reason is in the anticipated news on the labor market in America. This indicator is the first one in a series of important financial publications of September. With the positive news the likelihood for increase of the key rate in the US can be increased, and if that happens, starting from 2 September the calm and peaceful atmosphere in the world of finance will be gone, and we may expect some serious dynamics in all types of markets.


Source link  
Aussie dollar up on Chinese data

The Australian dollar remains firmly above the US70c mark in today’s trading session after a strong round of data out of China alleviated...

Pound may hit $1.37 by years end

The British pound is expected to face increased volatility over the coming months as the deadline approaches for the UK to leave the EU at the end...

Has the US dollar peaked?

The US dollar has made significant gains against all the major currencies over the last month as worries over trade tensions between...


Pound may suffer in the long term

The British pound continues to power ahead in today's trading session after yesterday's developments in the British parliament that many see as ending...

Gold needs to remain above $1300

The gold price has staged a substantial rally since last week after the US Federal Reserve latest board meeting where they stated that any move...

Only way for oil is down

The oil price has now broken down through the all important $50 mark, which is a physiological blow to any chance of a rally, and according to...


D-Day for the pound

Traders and Fund managers alike are expected to be glued to their desk on Tuesday evening UK time as the British parliament vote on the Brexit Deal put before them...

Will gold's rally continue?

After spending the majority of November range bound, the gold price has finally broken out to the upside as investors seek out safe havens from the anticipated...

Dollar could weaken for years

The US dollar has been the star performer in the currency markets this year, gaining solidly against all the major currency but some are beginning...

  


Share it on:   or