{"id":16998,"date":"2020-10-22T07:37:34","date_gmt":"2020-10-22T05:37:34","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16998\/"},"modified":"2020-10-22T07:37:34","modified_gmt":"2020-10-22T05:37:34","slug":"the-closer-the-election-the-more-exciting-it-becomes","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/the-closer-the-election-the-more-exciting-it-becomes\/","title":{"rendered":"The closer the election, the more exciting it becomes"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1914,96<br \/>\n(<span style=\"color: #ff0000;\">-0,48%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,1847<br \/>\n(<span style=\"color: #ff0000;\">-0,11%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 27986<br \/>\n(<span style=\"color: #ff0000;\">-0,53%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 39,76<br \/>\n(<span style=\"color: #ff0000;\">-0,53%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a012538,03<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">As we expected, volatility in financial markets is increasing. Many investors are in the euphoria of a possible aid package and are completely unresponsive to other macroeconomic factors.<\/p>\n<p style=\"text-align: center;\"><strong>GBP\/USD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-16999 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/10\/GBPUSD-1.png\" alt=\"GBPUSD\" width=\"600\" height=\"219\" \/><\/p>\n<p align=\"justify\">On Wednesday we saw that the US dollar began to lose ground sharply against other currencies. This is the first signal that risk assets should become more attractive in the near future.<br \/>\nMany thought that the deadline for accepting the aid package ended on 20 October, but it turned out that it did not. The discussion is ongoing and may continue until the elections. After all, everyone wants to be in charge in the process of giving away big money.<br \/>\nIn the current situation, everything will depend on continuing negotiations between Pelosi and Finance Minister Stephen Mnuchin. On a relatively calm macrostatic day, we saw that the markets can react very strongly to any news and statements.<br \/>\nOn Wednesday, the S&amp;P500 traded almost at the opening level with a slight decline to 3425. The DAX closed 1.4% below the opening price at 12557.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nPound Sterling<\/strong><\/p>\n<p align=\"justify\">Another series of negotiations on Brexit does not lead to a result. Still, there are differences of opinion, and Brussels has already started to speak out more aggressively. Time is running out and it&#8217;s getting harder and harder for countries to reach agreements. Due to the weakening dollar, the GBP\/USD pair showed excellent growth to 1.3160 on Wednesday. Every day brings different news on Brexit, so the current upward trend of the pound can quickly change in the opposite direction<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nBitcoin<\/strong><\/p>\n<p align=\"justify\">Bitcoin shows excellent growth and gives no reason for the bears to turn around. Many believe that Bitcoin has reached a key level and will now engage in technical analysis that will show a drop to 10,000 per BTC. But as practice shows, all of this has not worked for a long time, and it is very difficult to analyse this trading asset in the current market situation.<br \/>\nNow we see that investors are greatly increasing their positions on BTC, the number of wallets with more than 100 Bitcoins is growing rapidly. However, it should be noted that hedge funds have bought a record number of Bitcoin contracts according to the latest SOT report, which may mean some caution about further growth.<br \/>\nBitcoin soared to 12830 on Wednesday and made a new 10 week high.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat awaits us today?<\/strong><\/p>\n<p align=\"justify\">08.00 UK retail sales volume for September<br \/>\n14.30 Number of initial applications for unemployment benefits in the USA<br \/>\n16.00 US secondary housing market sales in September<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1914,96 (-0,48%) EURUSD\u00a0 \u00a01,1847 (-0,11%) DJIA\u00a0 27986 (-0,53%) OIL.WTI\u00a0 39,76 (-0,53%) DAX\u00a0 \u00a012538,03 (+0,01%) As we expected, volatility in financial markets is increasing. Many investors are in the euphoria&#8230;<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The closer the election, the more exciting it becomes | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"As we expected, volatility in financial markets is increasing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/the-closer-the-election-the-more-exciting-it-becomes\/\" \/>\n<meta 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