The election showdown + the expectation of interest rate cuts, the financial market will enter the "nuclear bomb mode" next week!
The latest news on November 3: The United States will usher in the ultimate election next week. This peak battle may trigger a "nuclear bomb warning" for the financial market! The dollar bulls have already "fired at full power". With the release of disappointing non-agricultural data, the call for the Fed to cut 25 basis points is close to full house. The key events next week will not only cover the US election and the Fed's interest rate decision, but the Bank of England will also express its position on the interest rate issue. The critical moment is coming, and the suspense of the market this week will be revealed one by one!
The following is the heavy schedule that cannot be missed next week:
Monday: France, Germany, and the eurozone will release the final value of the October manufacturing PMI. Tuesday 09:45: China will release the Caixin service industry PMI in October. Wednesday: The eurozone will release the final value of the October service industry PMI, followed by the September PPI monthly rate. The Bank of Japan will also release the September monetary policy minutes. Wednesday evening (EST): The U.S. Treasury will release a new bond issuance plan, and will also release the October service PMI and global supply chain pressure index. Thursday 21:30: U.S. initial jobless claims; September wholesale sales monthly rate will be released at 23:00. Friday (critical moment): The Fed's interest rate decision is finally announced, and then Chairman Powell takes the stage to interpret the policy direction.
Investment perspective: The market is about to "storm"!
According to data from the U.S. Commodity Futures Trading Commission (CFTC), speculative capital accumulated up to $18 billion in long positions in the U.S. dollar before the election. Wall Street strategists suggest: If Trump wins and triggers a rebound in U.S. stocks, it may be an opportunity to sell at highs; if Harris wins, investors can consider buying on dips. UBS's view is particularly eye-catching: If Trump wins the election, gold prices are expected to approach $2,900 faster, while if Harris wins, gold prices may first pull back to the $2,600-2,700 range.
The market storm is coming next week, and global investors are waiting to see. Remember to follow Lao Chen and follow the latest market trends as soon as possible!
