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Thread: Overview: US Politics Effect on Forex

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    Post Overview: US Politics Effect on Forex

    Market worries about U.S. political risks

    The US House of Representatives passed a resolution requiring Pence to use the 25th Amendment to remove Trump. According to foreign media news, the US House of Representatives voted on the 12th local time to support the request that Vice President Pence use the 25th Amendment to the US Constitution to remove President Trump. The result of the vote was 222 for and 204 against. Before the resolution was passed, Pence had sent a letter to Speaker of the House of Representatives Pelosi that he refused to use the 25th Amendment.

    According to previous reports, Pence had expressed his refusal to use the 25th Amendment before the resolution was passed. The Speaker of the U.S. House of Representatives, Pelosi, said on the 10th that House Democrats will propose a resolution requiring Vice President Pence to use the 25th Amendment to the U.S. Constitution to remove President Trump. If Pence refuses, the House of Representatives will advance impeachment. Lampes program.

    Biden has high hopes:

    The Democrats won the Georgia runoff last week, thus achieving their goal of controlling both houses of the US Congress. Once Biden assumes the presidency of the United States and begins to introduce stimulus measures, take a more coordinated approach to combat the epidemic, and accelerate the introduction of vaccines, the market focus will return to expectations for the speed of economic recovery. This triggered the recent surge in U.S. Treasury yields and stopped the dollar's decline.

    Los Angeles Wedbush Securities general manager of stock trading Michael James said that traders are betting that the incoming US President Biden will launch a larger-scale fiscal stimulus and speed up the distribution of the new crown vaccine will boost the economy.

    The Fed will not relax in the short term:

    As the vaccine takes effect, the US economy will recover strongly. This has led the market to worry that the Fed may cut debt purchases earlier than expected. This is also the reason why U.S. Treasury yields have recently increased, which in turn boosted the rise of the dollar. Previously, some Fed officials had different signals on how long such a loose policy could last. They raised expectations of rising US interest rates and made the US dollar more attractive.

    However, there was strong demand for the $38 billion 10-year U.S. Treasury bond auctions overnight. Coupled with the speeches of several Fed officials, the above-mentioned expectations were hit, and some of the market's concerns were eased. They said it is still too early to discuss debt reduction in the context of the continued development of the epidemic.

    Gold shorts or bloodbath the market again:

    The four-hour chart of gold shows that the price of gold quickly expanded after falling below the lower track of the upward channel since the end of November last year, once fell to 1817, and then the market fluctuated upward, but the intensity was not strong.

    Currently, the price is operating in the falling flag shape, and the lower rail of the flag shape cuts in at around 1846. Once below the flag-shaped lower rail, it will release a signal of further decline, do not rule out testing 1817 or even fall to 1800, 1765 and other levels.
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  2. 2 users say Thank You to Fxtechno for this useful post.

    Ahmed shoaieb (14-01-2021), UstadShaffi (14-01-2021)

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    Since the united states dollar is the king of the market so it's normal in some way that the US
    has its effect on the market with every news and every announcements from the USA and even
    every singe political or economical event and since now there is a large space for hot competition
    and mutual announcements from Bayden and Tramp after the elections so you will notice that this
    conflict will have its impact on the market and this is what is really happening now as the dollar has
    dropped in front of many other currencies in the market but it still expected to make a come back
    very soon at least for a medium or even a long term correction VS the Euro in particular and the
    Yen as they have yielded previously the scene when the dollar fall

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    Welcome my dear friends. I hope you will be well, healthy and happy. Working in the forex market requires sufficient experience, by learning from old traders or by opening a demo account to train on it, trade and understand all strategies, as well as an understanding of reading technical and graphical indicators. Trade methods and understanding must be taken care of. How to choose winning deals, thank you for your support to us. I wish everyone success.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. The Following User Says Thank You to Ahmed shoaieb For This Useful Post:

    Fxtechno (14-01-2021)

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