💰 Super Week Preview: The U.S. Election and Federal Reserve Decision Signal a Market Storm Approaching!
Next week, the world's attention will be focused on the United States as election day approaches, and the Federal Reserve is also set to announce its interest rate decision. This is a big event that not only excites political enthusiasts but also makes us market watchers as tense as watching a finals match.
First, let's talk about the election. The support rates for Trump and Harris are very close, and the result could affect the stock market, the dollar, and even gold prices. Wall Street analysts are ready; they predict that if Trump wins, the dollar may rise in the short term; whereas if Harris wins, the market may experience a pullback.
On the Federal Reserve side, the market generally expects a 25 basis point rate cut. This is significant because the recent non-farm payroll data released in the U.S. is the worst in four years, and everyone is waiting to see how the Fed will respond.
In addition to these, there are a lot of economic data to be released next week, including PMI data from various countries, the minutes from Japan's monetary policy meeting, as well as initial unemployment claims and wholesale sales month-over-month from the U.S. All of these are important factors influencing the market.
Data from the U.S. Commodity Futures Trading Commission (CFTC) shows that hedge funds and managers have accumulated $18 billion in long dollar positions, indicating that everyone is preparing for the election outcome.
If you are an investor, now might be the time to consider your investment strategy. If Trump wins, you may want to consider selling some stocks; if Harris wins, it could be a good time to buy. UBS even predicts that a Trump victory could push gold prices to reach $2900 faster, while a Harris win might lead to a temporary drop in gold prices.
In short, next week's market will be very exciting. Every day will bring important data and events that could affect your investment portfolio. Let's closely monitor market dynamics and make wise decisions!
💬 In this context, do you think the election results will affect your investment strategy? If Trump is re-elected, how will the dollar, gold, and Bitcoin perform? What changes will a Harris victory bring to the market?
