The forecasted large victory of Biden has not arrived, and we are now looking at a narrow victory for either candidate. It could take days, if not weeks, to have an official result coming from the US elections. In many states, votes postmarked by election day are also valid if received a few days after the election day, as long as they were mailed on time. The next few days are likely to prove highly chaotic. Uncertainty is not the scenario investors wanted and US futures initially turned sharply red before erasing most of those losses.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.