Forex Analysis by Fawad Razaqzada covering: Euro US Dollar, Australian Dollar US Dollar, US Dollar Canadian Dollar, US Dollar Mexican Peso. Read Fawad Razaqzada's latest article on Investing.com
is feeling the effects of a holding pattern in financial markets, as traders remain hesitant to commit to specific positions. With an exceptionally tight US presidential race, many are leaning towards options strategies instead of outright long or short positions. For instance, Bloomberg reports that some hedge funds are opting for call options on currencies like the EUR and
This environment of uncertainty has dampened risk appetite, impacting stocks and leading to significant Bitcoin ETF outflows of nearly $580 million on Monday. As implied volatility surges, the EUR/USD pair stands poised for a substantial move, with one side inevitably forced to realign based on election results.Until early this week, markets seemed to price in a Trump victory, though Harris’s recent gains have made this outcome less certain, effectively turning the race into a toss-up.
As a result, market sentiment has discounted some tariff-related risks, benefiting the currencies of major US trading partners. Should Harris secure the presidency, the dollar could see further downside. Conversely, a Trump victory could weaken currencies like theWith voting now underway, results from key swing states could start emerging between 02:00 and 03:00 GMT on Wednesday. A Trump win might lead to a decline in the EUR/USD outlook, potentially driving the pair down to 1.
Australian Dollar US Dollar US Dollar Canadian Dollar US Dollar Mexican Peso
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Vulnerable as Greenback Gains Further Ground Ahead of US ElectionForex Analysis by Fawad Razaqzada covering: Euro US Dollar, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500 Bears Failing to Take Charge? Bullish Rebound Signals Renewed UptrendStocks Analysis by Fawad Razaqzada covering: S&P 500, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
GBP/USD: How to Trade the Pair With UK Budget, US Election and Key Data on HorizonForex Analysis by Fawad Razaqzada covering: British Pound US Dollar. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Nasdaq 100: Tech Recovery May Keep Uptrend Intact Well Into US Election, EarningsStocks Analysis by Fawad Razaqzada covering: Nasdaq 100. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Gold: Overbought Conditions Point to More Profit-Taking Ahead of US CPI DataCommodities Analysis by Fawad Razaqzada covering: Gold Spot US Dollar, Silver Spot US Dollar, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
EUR/USD Bears Ready to Take Control With 1.09 Target in Focus Ahead of US CPI DataForex Analysis by Fawad Razaqzada covering: Euro US Dollar, British Pound US Dollar, DAX, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »