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price trend & USA election

  • #1
  • First Post: Nov 1, 2008 6:07am Nov 1, 2008 6:07am
what is the likely prices trend on US election day next week ?
  • #2
  • Edited 7:43am Nov 1, 2008 6:13am | Edited 7:43am
I'll try... Stronger US dollar she says !
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Measure twice, cut once
  • #3
  • Nov 1, 2008 8:57am Nov 1, 2008 8:57am
I suspect this upoming week will be all about the US Dollar. You've got the elections, ISM Manufacturing PMI, ADP Non-Farm Employment Change, ect..

The elections alone will probably move the eur/usd down about 200-300 + pips for the dollar. And I believe it will not matter who will become the next president (Obama/McCain). I think all US Dollar based currency will move based on change alone.
  • #4
  • Nov 1, 2008 9:12am Nov 1, 2008 9:12am
i believe that what will happen

will happen.


predictions like those you are looking for are hard to pin down. just trade one day at a time.
  • #5
  • Nov 1, 2008 3:46pm Nov 1, 2008 3:46pm
For the newer trader - it's going to be a great week to demo trade.
  • #6
  • Last Post: Nov 1, 2008 4:04pm Nov 1, 2008 4:04pm
I'd say if you have anything in oil companies, get out, because one of the idiots thinks its good to take away profits from the biggest company on the earth because he wants to spread the wealth.
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