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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 186338, member: 32345"] [B]Date : 7th October 2020. Tonight October 7 – Pence & Harris – Does it matter?[/B] [IMG alt="[IMG]"]https://analysis.hotforex.com/wp-content/uploads/2020/09/presidential-elections3-696x364.png[/IMG] In short yes. Tonight (October 7) is the vice-presidential, one and only, head to head debate and after last week’s bad tempered, chaotic first presidential debate expectations were limited. Indeed little attention or significance is traditionally given the V-P debate, however, the debate has taken on a new significance following the news flow in the last few days. “Expect the unexpected” is a bit of a cliché and one often used to describe the first four years of the Trump presidency but the last few days have been just that. Tonight, it is the turn of Vice-president Mike Pence and the lady who would like his job, Democratic vice-presidential nominee Kamala Harris to debate the issues that matter most to Americans and to their respective chances of success on November 3rd. The ages of their immediate bosses (Trump is 74 and Biden 77, making them 78 and 81 respectively in 2024) is always on the radar, a risk factor that has heightened interest following the President’s Covid-19 hospitalization. The reins of power pass to the vice-president if the President becomes incapacitated, for any reason, for any period of time. Pence, 61, and Ms. Harris, 55 are renowned for their debating and oratory skills and tonight’s debate should be much more mannered and coherent, even with its added significance. Five key areas of interest tonight could be: [B]COVID-19[/B] – The president’s handling of the crisis and his very own infection is likely to be a point of sparky debate and hold attention of the live audience in the University of Utah as well as the millions tuning-in on TV. Pence will clearly defend the administration’s handling of the crisis (after all he chairs the White House task force) and the Presidents infection and apparent rapid recovery. Ms. Harris, chosen by Biden, particularly for her “attack-dog” style will be promoting the inverse story of needless deaths and incompetency by the administration. [B]The Economy[/B] – Old, safe ground and simple messages from Pence reiterating the “best ever” economy “making America great again” pre-pandemic. The economy is safe in the president’s hands and taxes will be reduced. How Pence deals with the sudden ending of additional fiscal support talks by the President earlier today is a curved-ball he will have to deal with. Ms. Harris on the other hand will point to the millions of jobless Americans, the preference the administration has shown to big business and the imbalances and stuttering recovery of the US economy. Other hot topics which are polarizing the electorate include the state and future direction of [B]Healthcare[/B], [B]Law & Order[/B] (including Policing, the Gun lobbies and the summer of disorder) and the [B]Supreme Court[/B] and the likely nomination of Amy Coney Barrett to the supreme court to replace Ruth Bader Ginsberg. [B]Foreign policy, Trade [/B]and the[B] Environment[/B] are likely to receive less airtime. If the Polls are to be believed the Democrats could not only win the Presidency, but the Senate too, but with over three weeks to polling day, the outcome is still far from certain. The key swing states and potentially, just a few voters within those swing states, could determine the result on November 3. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/B] Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. [B]Stuart Cowell Head Market Analyst HotForex Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
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