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US Elections
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TiffanyK

Member Since Feb 12, 2016  53 posts TiffanyK Nov 09 2016 at 15:59
You can’t really lean on just things you hear. There is no way that USD will drop with 10% for example just because DT will be the new president of USA. Of course there will be movement in the market but I guess this is normal after elections.
I am also surprised by the immediate erratic conditions to be honest, but this is good news for traders of the USD.

BluePanther

Member Since Jan 25, 2010  648 posts Matt (BluePanther) Nov 09 2016 at 19:06 (edited Nov 09 2016 at 19:07 )
Hooray for volatility! The US Elections is a Non-Event: the choice of president won't have a sustained long-lasting effect on forex. It is the eventual policies that come out that will have the effects.

In other words, only trader sentiment has been affected temporarily. Fundamentals haven't yet changed. Technicals have barely been affected - all pairs are returning to pre-Election levels.

A whole lotta hoo-ha over nada. But thanks for the volatility! wink

The difference between an experienced trader and a beginner is that the former has lost more money.
Magiic

Member Since Jul 08, 2014  363 posts Magixs (Magiic) Nov 10 2016 at 01:11
Could well be bullish for the USD, he spoke of higher interest rates and cutting regulation, both good for stocks and USD.

Good luck America.

Keep at it
fx4btc

Member Since Oct 26, 2015  97 posts fx4btc Nov 10 2016 at 03:16
Magiic posted:
Could well be bullish for the USD, he spoke of higher interest rates and cutting regulation, both good for stocks and USD.

Good luck America.


We will need it. America hasn't been globally competitive for the last decade.

to the moon
rob559

Member Since Feb 11, 2011  1816 posts rob559 Nov 10 2016 at 07:30
make america great again..yessswinkwinkwink

one day at a time
trill12

Member Since Aug 03, 2016  56 posts trill12 Nov 10 2016 at 08:02
xgavinc posted:
I'll continue trading with caution, at the moment I'm concentrating on getting my margin level up. Neither of the candidates are appealing, in the sense that 1. They mostly have attacked one another, instead of saying what makes themselves capable 2. Both have ideologies without any concrete plan (Trump is very ambitious, Clinton just basically regurgitating what the last 3 presidents have 'promised'). So I'll be looking at actual action and implementation for market movers and remain hesitant on media splurge.

Totally agree nothing attractive, everyone seeks their own convenience.

trill12

Member Since Aug 03, 2016  56 posts trill12 Nov 10 2016 at 08:03
mlawson71 posted:
I think we'll all be watching the dollar movement. Even if one's not trading dollar-related pairs, all the currencies are so interconnected with the dollar that whatever happens to it affects the rest of the market too.


Exact, is the currency that moves the world and better prevent than regret.smiley

Magiic

Member Since Jul 08, 2014  363 posts Magixs (Magiic) Nov 10 2016 at 10:01
fx4btc posted:
Magiic posted:
Could well be bullish for the USD, he spoke of higher interest rates and cutting regulation, both good for stocks and USD.

Good luck America.


We will need it. America hasn't been globally competitive for the last decade.




Yes! I'm not of the belief that lower tax and less regulation is what you need.

It will definitely give your large companies a boost in earning and the like, but for over-all America, it will expand the issues.

If only America could take a leaf out of the way some of the top European countries run things.

Keep at it
xgavinc

Member Since May 11, 2011  198 posts xgavinc Nov 10 2016 at 10:54
Magiic posted:
fx4btc posted:
Magiic posted:
Could well be bullish for the USD, he spoke of higher interest rates and cutting regulation, both good for stocks and USD.

Good luck America.


We will need it. America hasn't been globally competitive for the last decade.




Yes! I'm not of the belief that lower tax and less regulation is what you need.

It will definitely give your large companies a boost in earning and the like, but for over-all America, it will expand the issues.

If only America could take a leaf out of the way some of the top European countries run things.


Lower Tax and less regulation is a growth driver which would stimulate the economy (create more jobs and more capex expenditure for growth). It won't necessarily drive earnings (eg, less tax won't mean you have a higher salary (income), it means you have more of it available to you), and most companies will use that extra net profit on capital expenditure which in turn creates jobs.

'expand the issues' is vague, could you elaborate on what issues would be expanded on?

For every loss there should be at least an equal and opposite profit.
Magiic

Member Since Jul 08, 2014  363 posts Magixs (Magiic) Nov 10 2016 at 11:00 (edited Nov 10 2016 at 11:02 )
xgavinc posted:
Magiic posted:
fx4btc posted:
Magiic posted:
Could well be bullish for the USD, he spoke of higher interest rates and cutting regulation, both good for stocks and USD.

Good luck America.


We will need it. America hasn't been globally competitive for the last decade.




Yes! I'm not of the belief that lower tax and less regulation is what you need.

It will definitely give your large companies a boost in earning and the like, but for over-all America, it will expand the issues.

If only America could take a leaf out of the way some of the top European countries run things.


Lower Tax and less regulation is a growth driver which would stimulate the economy (create more jobs and more capex expenditure for growth). It won't necessarily drive earnings (eg, less tax won't mean you have a higher salary (income), it means you have more of it available to you), and most companies will use that extra net profit on capital expenditure which in turn creates jobs.

'expand the issues' is vague, could you elaborate on what issues would be expanded on?



In theory that's correct, but as far as I'm aware. the less regulation there is, the more the company (top few % of the company) make. Which does not benefit the average American. I'm not sure which regulations should be cut to make business better? Most of it that I see is there for a reason, not to exploit things. Run down economics ( cutting tax for the wealthiest ) hoping they will in turn hire more and pass down the $ they save is completely flawed.

By earnings I meant just the $ the CEO's make.

People are ***ts, why expect them not to be.?

Keep at it
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Westpac Consumer Confidence (2h 6min)
Media companies may be saved by the like...(7 min ago)
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