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The US Presidential Election and nothing else - Wednesday Review, November 4

Miguel A. Rodriguez
Miguel A. Rodriguez
05 noviembre 2020
The world’s eyes are on the US Presidential Election

The US

The fact that Joe Biden – the democrat presidential candidate – seems on his way to take the White House made the markets gain some steam. USA30 rose 1.34%, while USA500 was up 2.15%. TECH100 surged 3.85%.

Crude oil gained 4%, closing the day at $39.15 per barrel. Brent closed 3.8% higher at $41.23 a barrel.

Gold fell 0.7% to $1,896.20 per ounce.

The Dollar Index was steady at 93.50.


Asia and Australia

The news of Biden leading the presidential race traveled across the ocean, making investors gain hope. Japan225 jumped 2.35%.

HongKong45 gained 0.40% as it recovered from the news that Ant Group is halting both the Shanghai and Hong Kong listings.

Down under, Australia200 went up 0.22% even though the Reserve Bank announced that it would cut the interest rates to 0.10% from 0.25%.



The markets gained in anticipation that a Biden win will secure the trade ties with Washington. Europe50 swung 2.1% higher. Germany30 went up 2%, while UK100 rose 1.7%.

EUR/USD traded at 1.1720.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.