Equities Collapsing Ahead of US Election on November 3

It has been a bad week for worldwide stocks, and most major indices are down by around 5% for the week, with further losses expected over the next days.

But don’t blame it all on the election. Yes, there is some uncertainty building up, especially if Joe Biden wins, but the odds are that each candidate has narrowed to 50/50. Biden’s recently revealed corruption scandal is hurting him, while Trump continues to attract huge crowds in his rallies.

As many keep saying stocks only go up in the long-term, no matter what party reigns or who the president is.

Worse than the election, are COVID-19 more…

The World’s Bigges Pair Has Been Stagnant, When Will the EURUSD Become More Volatile?

Traders have probably noticed that as of late, that the once highly volative and active EURUSD has seen very low volatility and narrow trading ranges. On Wednesday, the pair was up by 0.1% for the day, during the US session, marking a daily move of 10 pips. While it is still the most globally traded pair, this volatility is not enough for traders to base their strategies on.

The truth is, between July and October the pair has barely moved. Its July highs were at 1.20 and lows at 1.16. In simpler terms, its range is at 400 pips over the period of three months, and on most days more…

Is the Bull Run for Gold Over?

Much has been said about the bull market in precious metals as gold rose 40% from March lows to August highs, while silver notably outperformed that and posted a 150% increase in the same time-frame. All this happening within 6 months is very impressive.

However, since August highs, both metals are plunging – gold is lower by 10%, and silver by 25%. That’s understandable, considering the steep rally in metals over the previous months.

The million-dollar question is; what happens next?

The big drop in gold and silver has primarily been driven by dollar strength. The dollar index hit a two-month high on Wednesday. Investors have moved to the USD due to more…

How Are Traders Preparing for the 2020 US Election?

The 2020 US election has amplified an almost unprecedented level of uncertainty in the financial markets.

With a global pandemic, a healthcare crisis, and a weakening USD, you can be sure that the candidates are running against a backdrop of market volatility. And their policy decisions will create significant movements across a wide spectrum of sectors, should they win.

So how do traders prepare during these volatile times leading up to the 2020 US election?

The short answer is they position themselves to benefit from the market movements they predict may be coming up ahead, regardless of whether the market will move up or more…

Gold has hit new all-time highs: Is this a bubble or just a stop before hitting 3000 USD?

2020 has by far been difficult for most people, but it’s definitely been a great year for gold and gold owners. Gold has seen exponential growth to the point where its holders are in a state of euphoria with the feeling that they can do no wrong and their safe haven will last forever.

Before we get ahead of ourselves, let’s not forget the Gold Rush of 2011. Gold was on the pages of magazines and newspapers, it was the talk of taxi drivers, personal trainers and hairdressers. Gold investments were indeed the golden opportunity. But over the months and years the more…