THELOGICALINDIAN - Everyone expects a aflutter ride against the US presidential acclamation this year On November 3 the bodies will accept who will lift the pandemicravaged abridgement Generally a pump in animation occurs during acclamation years and this presents affluence of accumulation opportunities for allowance traders
Join the $2000 SimpleFX US Election Trading Cup and ride the animation with added rewards!
All eyes are on the bounden President and Republican baton Donald Trump and the presumptive Democratic appointee Joe Biden as they attempt for the presidential seat. Investors and traders accumulate a abutting watch on the markets during the US acclamation weeks.
Here are the key dates and voting deadlines: September 18 (Start of aboriginal voting), September 29 (First Presidential Debate: President Trump vs Mr. Biden aboriginal face-off), October 15 (Second Presidential Debate), October 22 (Third Presidential Debate), November 3 (General Election).
European leaders assume to favor a abiding administration with Biden with lower affairs of a US–Eurozone bill war. Barter astriction could lessen, but tax access for advantageous households and belted deregulation may booty place. On the added hand, if President Trump will be re-elected, the US-China barter war could escalate, which is ambiguous for several US exporters and hurts the US dollar. However, promised tax cuts and deregulation could addition the US economy.
Historical abstracts shows that volatility on stocks and indices, such as SPX500, is college during acclamation years than in accustomed years. The markets will again counterbalance in apparent policies, abnormally on all-embracing trade, of the approaching administration. Safe-haven assets like gold could alter with bazaar uncertainties and projected bread-and-butter administration for the abutting 4 years. Forex pairs such as EURUSD and USDJPY are awful acceptable to be airy as investors acknowledge to what will become of adopted policies.
The acclamation after-effects could beggarly cogent changes in legislation enactments, budgetary policies, and authoritative policies. The US presidential acclamation accompanying with the communicable and looming recession may activate absolute accouterment in the banking markets in the advancing months.
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The $2024 SimpleFX US Election Trading Cup sessions
$500 EURUSD Trading Contest (September 14–20)
$500 SPX500 Trading Contest (September 28 – October 4)
$500 XAUUSD Trading Contest (October 12–18)
$500 USDJPY Trading Contest (October 26 – November 1).
Be one of the 20 traders to grab amazing prizes in anniversary session. Traders with the accomplished trading volumes will be chosen. Gear up and ability for the top for bigger rewards!
1st place: $150
2nd place: $90
3rd place: $60
4th–10th places: $21.43
11th–20th places: $10
Please agenda that alone one SimpleFX alive annual for one banker can be acclimated to access the contest. If you accept two or added SimpleFX accounts, the annual with the accomplished trading aggregate on the accustomed attribute and trading aeon will be considered.
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