InstaForex Awards

Dollar follows the stock market. Forecast as of 12.10.2020

Dollar follows the stock market. Forecast as of 12.10.2020

Weekly US dollar fundamental forecast

The ECB attempts to weaken the euro fail. Philip Lane says the ECB already pursues an inflation strategy similar to the Fed. The European Central Bank is unwilling to tighten monetary policy until the inflation growth is reflected in the economic data. Nonetheless, the EURUSD doesn’t react to the ECB’s chief economist's speech and consolidates above figure 18 bottom. According to the HSBC, fiscal policy is currently the main factor in the financial markets, and central banks must admit that they have lost some power.
Although the United States has invested in its economy more money than most other countries in the world and significantly more than during the previous economic crisis, the fiscal stimulus tends to exhaust quickly. The euro-area governments continue to support small businesses and individuals, while the US policymakers can’t reach an agreement on its extension. The new $1.8 trillion stimulus plan offered by the Republicans is the largest in scale and contrasts with Donald Trump's recent announcement to end negotiations with Democrats. However, House Speaker Nancy Pelosi rejects it, calling the plan insufficient.

Sizes of fiscal stimulus

Source: Bloomberg
Some analysts suggested the new Republican proposal fueled the rally of the US stock indexes. The S&P 500 was 3.8% up in the week through October 9, having featured the best performance since July. I believe the US stock market is rising as the uncertainty around the US presidential election is lowering. Joe Biden’s chance to win is rising, and his victory shouldn't be such a disaster for the US stock indexes as expected earlier.
According to RealClearPolitics, the gap between Biden and Trump is 9.6 percentage points. For comparison, in 2016, Hillary Clinton was 5.8 pp ahead of Donald Trump three weeks before the vote. JP Morgan suggests the corporate tax hike in the case of Joe Biden's victory will temporarily hinder the US stock market. The higher tax rate will take effect on January 1, 2022, and the S&P 500 is likely to face a storm in the fourth quarter of 2021. However, as the experience of 1987 and 2013 shows, when taxes were also increased, the storm would not last long. After the correction, the bulls should resume the uptrend.

S&P 500 reaction to a corporate tax hike

Source: Bloomberg
I believe the US stock market trend is a significant driver for the EURUSD. Ahead of the US presidential election, the pair follows the US stock indexes, mostly ignoring the ECB verbal interventions, the second COVID-19 wave, and the euro-area economic data.

Weekly EURUSD trading plan

The US dollar is a more significant Forex currency than the euro, so the ECB willingness to weaken the euro alone is not enough to discourage the EURUSD bulls. Amid the growth of Joe Biden's approval rating, the EURUSD should continue rallying up to 1.1865-1.188. However, Donald Trump is not giving up yet, so one could sell on the price rise.
For more information follow the link to the website of the LiteForex
submitted by Maxvelgus to Finance_analytics [link] [comments]

ECN FX ROBOT review Bester Forexbroker ECN/STP Broker super Spreads Scalping Headging alles erlaubt ab 1 $ Plataformas Forex ECN STP The Best Forex Trading Strategy That No One Seems to Talk About Ways To Get The Best Forex Trading Brokers ECN: Kurse, Vorteile, Möglichkeiten mit Interbankenkursen top 10 forex brokers 2012 /2013

Many forex traders prefer to work with ECN brokers because it means more liquidity, faster execution, and accurate pricing. According to some experts, true ECN forex brokers are the real future as ... Best ECN Forex Broker Asia 2013 Best ECN Forex Broker Europe 2013 Global Banking & FinanceReview. Best Company for Leadership 2013. International Alternative Investment Review. Most Secure Forex Broker 2013. Shanghai Financial Investment Management Association. Best Forex Broker 2013 . Shanghai Financial Investment Management Association. Broker of the Year 2013. China International Online ... Forex Awards Winners 2013 — Forex Awards Announced Winners × Ratings. Forex Brokers Trading Platforms Binary Options Brokers. Forex Market Daily. Forex News & Promotions Forex Columns. Awards. Overview Challenge Algorithm Mission Expert Council Terms, Conditions, Cookies Contacts. Top Forex Nominations. Best Forex Broker Best Execution Broker Best Forex Expo Best Cryptocurrency and Forex ... Best Forex broker 2019 Konto ... Bester Forex ECN Broker UK Forex awards 2017. Beste Tradingkonditionen des Jahres Forex Report Magazine 2016. Der beste Devisenhandelsbroker für Islamische Handelskonten ForexTraders 2015. Bester ECN-Broker in Asien Global Banking and Finance Review 2014. Der Broker mit dem besten Kundenservice FX Empire 2013. Der am schnellsten wachsende Mikro ... UK Forex Awards 2013 - The Best Forex ECN Broker. In early autumn 2013, UK Forex Award ceremony took place in London, where the winners in different categories were announced. UK Forex Awards is one of the most authoritative award-giving bodies not only in Western Europe but also around the world. According to the results of the voting, held among the jury of experienced traders, InstaForex ... Best ECN Forex Broker Asia 2013 Best ECN Forex Broker Europe 2013. Global Banking & FinanceReview. Best Company for Leadership 2013. International Alternative Investment Review. Most Secure Forex Broker 2013. Shanghai Financial Investment Management Association. Best Forex Broker 2013. Shanghai Financial Investment Management Association . Broker of the Year 2013. China International Online ... That's why ECN technology became so important for a Forex broker, as it enables the broker to aggregate its LPs, creating an order book and providing a best bid best offer to its traders. Broker's price competition between the LPs is greatly enhanced by its overall traders count which also provides the leverage to demand better execution. While this is taking place, the ECN enables liquidity ...

[index] [25848] [2085] [5324] [8166] [19826] [24829] [8826] [2903] [22489] [2592]

ECN FX ROBOT review Hier kannst du dich gleich anmelden Bei FXFair hast du ab 1 $ direkter zugang zum ECN Markt m... i need paypal so i am selling this robot contact [email protected] for details. CLICK HERE best forex broker best forex brokers forex trading brokers forex broker reviews top forex brokers forex ... Published on Nov 17, 2013. Conflicto de Interés en brokers de forex; Diferencia entre Market Makers y ECN STP. 100% de transparencia, todos nuestros clientes tienen acceso 24 horas al día y 7 ... CLICK HERE trade forex forex training online forex forex bonus what is forex forex account forex wiki learn forex ... top 10 forex brokers 2012/ 2013 Published on Oct 31, 2013 Für Daytrader im Forex-Handel bietet sich ECN Brokerage an: variable Spreads aus dem Interbankenmarkt, mit dem Kontomodell Admiral.Pro.