Premarket: Currencies jumpy, stocks stable with all eyes on U.S. election

Stocks were steady on Tuesday but implied volatility ratcheted up in currency markets in an early indication of the market frenzy to come, as the world awaits the outcome of a knife-edge U.S. election.

Currencies, which unlike shares trade around the clock, saw more action albeit still offering only scattered and contradictory indications of which candidate investors were betting on. Bitcoin added 2.7% to about $68,884, with Trump viewed by analysts as enacting more favorable policies for cryptocurrencies than Harris.

“Ultimately the U.S. election comes down to this - whether the U.S. electorate wants to vote for economic policy continuity, institutional stability and liberal democracy or radical trade policy, a further retreat for globalization and strongman democracy ,” J.P. Morgan analysts said in a note. “In short, a vote for stability or change.”

“Simply, if Harris wins, we like selling dollar/yen and buying AUDUSD,” said a currency strategists at Citi. “If Trump wins, we like buying USD against EUR, SEK, and NOK.”

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Premarket: Stocks trade sideways awaiting China stimulus movesInvestors hope to receive clarity on Saturday
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Global stocks up after China shares rally, gold at all-time highOil prices are headed for their biggest weekly loss in more than a month
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
La source: globebusiness - 🏆 31. / 66 Lire la suite »

Premarket: Tepid start to week for world stocks, but gold, bitcoin shineTrump trades continue to gain momentum
La source: globeandmail - 🏆 5. / 92 Lire la suite »