Tag: Biden
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Weekly EurUsd Outlook for July 29, 2024 – Rising Volatility and Political Shifts Shape Market Trends
After Biden’s withdrawal from the race for the White House, the electoral contest will be Harris versus Trump until November. Meanwhile, markets are in turmoil due to lackluster quarterly data, the Chinese crisis, and the strengthening yen. All these factors have increased market volatility, but not for EurUsd.
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Weekly EurUsd Outlook for July 22, 2024 – Fed & ECB Rate Cuts on the Horizon, Biden Withdraws
Biden has decided to step back from the presidential race, and this event, following the attack on Donald Trump, further fuels uncertainty about the outcome of the November election. Meanwhile, the market is convinced of a Fed Funds rate cut in September. The ECB remains on standby, announcing a possible move in September if inflation…
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Weekly EurUsd Outlook for July 1, 2024 – Eurozone Risks Overlooked Amid Market Highs & Political Uncertainties
Key Events Impacting Markets: Trump-Biden Debate and French Election Last week was largely influenced by two main events: the first Trump-Biden debate and anticipation for the French election, where Macron’s tenure at the Élysée is at stake. The final round of the French election will be on July 7, but the current state of tension…