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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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Chyee
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$SSE Composite Index(000001.SH$ tomorrow huge rebound
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Morning mooers! It is Thursday, June 6th, the market is pulling back a bit from all time highs hit three minutes before the market closed yesterday. $NVIDIA (NVDA.US)$ hit its own all time highs Wednsday, climbing above $3T in market cap and to the second position for most valuable companies, but pulled back Thursday before the stock is due to split 10-1 Friday June 7th.
My name is Kevin Travers. I am home sick today, but h...
My name is Kevin Travers. I am home sick today, but h...
![Jobs Numbers Flat, Market Calm After All Time Highs | Herd on Wall Street](http://1500015405.vod2.myqcloud.com/57f4fa2avodtransusw1500015405/fe24fdde1397757888194467911/coverBySnapshot/coverBySnapshot_10_0.jpg)
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$SSE Composite Index(000001.SH$ what do you think?
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$SSE Science and Technology Innovation Board 50 Index(000688.SH$ In the next step, if the country stops the Science and Innovation 50 component index, the decline can be successfully stopped
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Chyee
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$Hang Seng Index(800000.HK$ $HSI Futures Current Contract(HSIcurrent.HK$ fun fact, if u invested in hang seng index back in 1997 and held until today, you wouldve made an astonishing return of 1% congrats!!!
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$Hang Seng TECH Index(800700.HK$
If you followed my previous post about bearish patterns popping up around the market, then I've got another one for you. Check out the previous post in the link below.
Another Bearish Technical Development
When sentiment in equity marktes worldwide is turning bearish, then you will see a lot of the more bearish technical patterns showing up in the charts. Here is an example below with the Hang Seng Index. A head and s...
If you followed my previous post about bearish patterns popping up around the market, then I've got another one for you. Check out the previous post in the link below.
Another Bearish Technical Development
When sentiment in equity marktes worldwide is turning bearish, then you will see a lot of the more bearish technical patterns showing up in the charts. Here is an example below with the Hang Seng Index. A head and s...
![Watch Out for the Head and Shoulders Patterns](https://ussnsimg.moomoo.com/feed_image/70107943/d4cb6034775133798555609ef5a63303.jpg/thumb)
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$AERWINS Technologies(AWIN.US$ slow progress is still progress, we’re gaining momentum! Plus our volume has been picking up daily! Before friday we are going to get that massive jump we want, and we gone laugh all the way to the bank!🤑![]()
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#DONTMISSOUT #DONTSLEEPONIT #PROFITVILLE
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$MetLife(MET.US$ $Tuya Inc(TUYA.US$ $EBET Inc(EBET.US$ $T2 Biosystems(TTOO.US$ $AMC Entertainment(AMC.US$ $GameStop(GME.US$ $Rivian Automotive(RIVN.US$ $Mullen Automotive(MULN.US$ $Nike(NKE.US$ $Frequency Electronics(FEIM.US$ $Fifth Third Bancorp(FITB.US$ $TC BioPharm(TCBP.US$ $Tesla(TSLA.US$ $Genco Shipping & Trading(GNK.US$ $JinkoSolar(JKS.US$ $Activision Blizzard(ATVI.US$ $Snow Lake Resources(LITM.US$
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