sunak on the wires spending every one great grandkids money again. people will get by without hand out for iphones big screen tvs and diy.
Israel MacroMicro 11:32:47 GMT - 11/05/2020
I wonder how much of the current weekly range to be retraced the coming 33 hours - 10YR yield
AT Trader john 11:16:23 GMT - 11/05/2020
Personal Observations:
Markets are in a RISK-On posture early Thursday as we move into a post-Trump era in the U.S. I feel there is little chance that Biden will NOT be installed as the next U.S. President late in January. Those in the U.S. hoping for revolutionary changes are bound to be disappointed by how little changes with a new government. Keep in mind that a Republican majority in the Senate is going to put a brake on any radical changes to the economy.
The Coronavirus is still raging, and a new regime is not going to be able to do much more than what is already being done. the main hope remains a vaccine that works to some extent. Odds are some vaccine will be released in the next six months or so, and the economy will slowly return to some sense of normalcy. This would have happened anyway no matter who would have won the election.
Forex markets are taking a bearish view on the USD due to the regime change but might be getting far ahead of events on the ground. Any change in the U.S. government is still two months away, and the old guard will be a lame duck caretaker. The Fed will still operate as normal.
Equities are exuberant They are probably too far ahead of themselves as well.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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