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Questions and StoriesCategory: StoriesGoldman Says to Sell USD Ahead of Biden Election
Edward Duffy asked 3 months ago

Goldman Says to Sell USD Ahead of Biden Election

It seems Goldman Sachs are not confident that Trump will win the US Election as they have advised that the US Dollar will fall should the election result on 3 November go to Biden. UBS Assets Management and Invesco Limited are saying the same thing as Biden powers ahead of Trump in the polls. After the 2016 result are we able t believe the polling in the US? Are there that many swinging or undecided voters in the country or is it that most voters are as apathetic as Australians? I know voting is not compulsory in the US so it would be difficult to predict given that those that decide to turn up to a polling place on 3 November at the last minute and are not really engaged could cast their vote either way.

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10 Answers
Gareth White answered 3 months ago

Sounds like a market maker move to me!!

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Vahid Chaychi Staff answered 3 months ago

If the USD value will go down in case Biden wins, then what is the points to vote for him? This means Biden is not the right person for the economy of The United States.

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David Matlala answered 3 months ago

There’s this feeling that the  tax rollbacks proposed by Biden will benefit US corporates in the long run, especially if you consider the impact of Covid-19.

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Jackson Mugarura answered 3 months ago

They should be, because there’s nothing to support Mr Trump to be victorious. Opinion polls have all been giving forecasts update now and again, in US these polls are usually right at predicting election results.

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Gareth White answered 3 months ago

Watch the market $ will start to drop as Biden is showing majority and then traders will jump in saying GS were right and then boom Trumps win $ rocket everyones SL gets hit. Be interesting to see where GS actually put their money!!

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Eli Davis Keinamura answered 3 months ago

According to the daily and weekly EUR/USD,l can see  bullish market for next week , what is your opinion members.

kenndy4reality replied 3 months ago

Is been long trade since August monthly chat broke above multi year trend line.

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Kenneth Ogbonnaya answered 3 months ago

Us dollar will crush despite who win the US election. MANY currency pairs with USD has formed setups against US dollars.

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Jackson Mugarura answered 3 months ago

There will definitely disruptions in the market, should Trump lose. Goldman sachs is right and I guess right, Trump is losing this.

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Kenneth Ogbonnaya answered 3 months ago

USD up or down is just a supply and demand.

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Nnaemeka Victor answered 3 months ago

THE RECENT FALL IN US DOLLARS HAS BEEN HEAVILY LINKED TO THE UPCOMING ELECTION.

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