Trading News

See all posts (43)
Elon Musk's unexpected statement crashed the crypto market Who are market makers and market users? How to pass the FTMO Challenge? Japan has several reasons to issue a national cryptocurrency FTMO is the best Proprietary Trading company The Linear Regression indicator: advantages, characteristics, recommendations The FTMO Challenge: TOP 5 tips Huge electricity costs threaten the cryptocurrency industry Benefits of working for Proprietary Trading Having no trading plan is the biggest mistake of novice traders What is a sideways trend in Forex, and how to approach it? What is capital in Forex: the size and usage Successful traders always limit their losses The McClellan Oscillator: All a novice trader needs to know Top 10 tips for turning a loser into a successful trader Pros and cons of using TOP 3 volatility indicators Aspects of Forex trading at night Top 5 unforgivable intraday trading mistakes How to trade the Diamond formation About a margin in Forex in simple terms How to use the RSI indicator Aspects of trading with a Pivot Points indicator What is Forex volatility? The Bitcoin exchange rate continues to rise steadily What is a Forex swap, and how to make money with it? What is a stop-loss in Forex trading? What is a trading terminal? How to trade in Forex market? Efficient ways to deal with emotions in trading What is forex hedging and can it help beginners? TOP 10 most infamous traders in the world The market is in anticipation of Biden's victory: Wall Street stocks rise sharply Best Gann Tools for Successful Trading TOP 4 tips on using the Fibonacci levels Advices on choosing scalping indicators Dispelling the TOP 3 myths of algorithmic trading What are Forex Points and the Basic Rules for Their Calculation What are Forex Points? What is Leverage in Forex and How to Use It? UNDERSTANDING THE BASICS OF THE FOREX ALGORITHMIC TRADING PROS AND CONS OF USING AN AUTOMATED FOREX TRADING SYSTEM FOREX AUTOMATION SOFTWARE - HOW DO THEY WORK 10 STEPS TO BECOMING A SUCCESSFUL FOREX TRADER
The market is in anticipation of Biden's victory: Wall Street stocks rise sharply
The market is in anticipation of Biden's victory: Wall Street stocks rise sharply

For the second straight day, US stock markets closed higher. The positive trend emerged amid forecasts that Biden will win the US presidential election. According to CNN, even the Dow Jones Industrial Average rose almost 2 percent, while the Nasdaq Composite gained 1.4 percent.

Biden's victory means Democrats will regain power in the Senate and control the House of Representatives. Despite the fact that the stock market prefers the Republican strategy, many investors have high hopes for Biden, after he announced the adoption of new packages of policies aimed at supporting the country's economy amid the coronavirus.

Wall Street is concerned about a possible recount

Independent experts expected a high voter turnout, given that the ballots were sent by mail, but the elections were still held in an unusual format for the United States due to the pandemic. To avoid civil disorder, large shopping malls and other crowded places in Washington, New York, and other cities were closed. Police representatives say that riots may still break out because of activists' disagreement with the election results. If this happens, a crisis will occur in the stock market.

It should be noted that both presidential candidates have already announced that they will challenge the election results if they are not in their favor. This kind of situation is of great concern to Wall Street experts. Most are counting on Biden to win, while others support Trump, pointing out that the S&P 500 has risen nearly 50 percent during his presidency. But neither side is satisfied with the uncertainty, which can drag on for a long time and destabilize the situation in the stock market, leading to a decrease in key stock prices.

Still have any questions,
Get in touch with our expert
Download Our App

Our mobile application delivers the best trading experience on the go.

Get the free app today and enjoy responsive automated forex trading on your mobile phone

Get it on Google Play Get it on App Store
Start Investing
With Algofxpro
This option is not available right now.