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Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
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![The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240722/1721619695527-b1c11370f2.jpeg/thumb?area=104&is_public=true)
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$Taiwan Semiconductor(TSM.US$ joined $NVIDIA(NVDA.US$, $Advanced Micro Devices(AMD.US$ , and $Broadcom(AVGO.US$ in the hotlist of the day's most-active stock options as former President Donald Trump said Taiwan took the U.S.'s chip business.
More than 250,000 TSMC stock options changed hands as of 12:49 p.m. in New York Wednesday, behind Nvidia's 3.98 million contracts, AMD' s 718,520 and Broadcom's 347,330, ...
More than 250,000 TSMC stock options changed hands as of 12:49 p.m. in New York Wednesday, behind Nvidia's 3.98 million contracts, AMD' s 718,520 and Broadcom's 347,330, ...
![TSMC Joins Nvidia, AMD in Options Hotlist After Trump's Remarks on Semiconductors](https://ussnsimg.moomoo.com/sns_client_feed/73842169/20240718/14c88aa43d3d8103d85d7d1ccac38485.jpg/thumb?area=100&is_public=true)
![TSMC Joins Nvidia, AMD in Options Hotlist After Trump's Remarks on Semiconductors](https://ussnsimg.moomoo.com/sns_client_feed/73842169/20240718/50636b6965102a3a78c114e6c1a3f0e1.jpg/thumb?area=100&is_public=true)
![TSMC Joins Nvidia, AMD in Options Hotlist After Trump's Remarks on Semiconductors](https://ussnsimg.moomoo.com/sns_client_feed/73842169/20240718/ef0c44eeaf9fb370ade43a25bfbba02d.jpg/thumb?area=100&is_public=true)
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$Unity Software(U.US$ When did it rise, 📉 It's been a year
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sociable Moose_5313
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Morning traders! Happy Friday, June 28th. Investors are reacting to the Trump Biden debate, which to me, felt like two old men were angry at bingo night at the old folks home.
My name is Kevin Travers; here are stories from the moomoo herd on Wall Street today.
$Nike(NKE.US$ fell 15% after reporting earnings Thursday, meeting EPS expectations but announcing weak guidance for the coming quarter...
My name is Kevin Travers; here are stories from the moomoo herd on Wall Street today.
$Nike(NKE.US$ fell 15% after reporting earnings Thursday, meeting EPS expectations but announcing weak guidance for the coming quarter...
![Investors Wake up to Advancing Market After Presidential Debate and PCE Unchanged | Herd on Wall Street](https://1500015405.vod2.myqcloud.com/edcaf1cfvodtransca1500015405/b365203e1397757888169183482/coverBySnapshot/coverBySnapshot_10_0.jpg)
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$Unity Software(U.US$ Let's buy it, the funds are on hold
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$Unity Software(U.US$ If you want to get to the bottom of it, don't worry; fill up the warehouse and wait half a year to withdraw the money 👌
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