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    Trump's Speedy Recovery Boosts Short-Term AUD & CHF| Influencer Forex Analysis•Jasper Lo

    Abstract:While the public was worrying about whether Trump's condition would worsen, the president has been reported to be on a path to a full recovery and may be discharged from the hospital soon. His speedy recovery surprised financial markets, causing analysts to refocus on the underlying fundamentals.
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      While the public was worrying about whether Trump's condition would worsen, the president has been reported to be on a path to a full recovery and may be discharged from the hospital soon. His speedy recovery surprised financial markets, causing analysts to refocus on the underlying fundamentals.

      Although Trump debated hotly against Democratic presidential candidate Biden last Wednesday, the latest polls show that he has failed to turn things around as his support rate is still 10% behind Biden, coupled with his miraculously speedy recovery. Amid the dampened risk aversion, US stocks may have a chance to rebound sharply this week, which may push the DXY back to the resistance zone of 93.527-93.465.

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      As the greenback is hampered in the short term, there is room for non-dollar currencies to rebound, among which the euro and the pound are not strong enough due to their respective concerns. A recovery in global stock markets may boost the Australian dollar and the Swiss franc in the short term. This week, therefore, AUD/USD may grasp a chance to challenge the above resistances of 0.7267 and 0.7345, while the Swiss franc, another currency with no much concern, will vigorously challenge the support zone of 0.9121-0.9049 amid the hampered dollar.

      The vice-presidential debate was held on October 7. Although many people do not value it, I believe it is definitely worth watching this time because last week's debate between Trump and Biden is much more like a quarrel, which is arguably the worst one in American history. Thus all eyes should better turn to this debate for the relevant platforms. Besides, considering the advancing years of both the presidential candidates, the elected vice president will take office then once the elected president cannot finish the term for some reason. With that said, I believe the debate between the two vice-presidential candidates may send some volatility through financial markets. Thus investors should not take it lightly.

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    [About The Author]

      Since 1987, Jasper Lo has been engaged in the financial industry

      (forex, futures and gold) for more than 32 years and holds forex R.O.,

      securities and futures broker licenses. Mr Lo is an expert in trading

      forex, precious metals and commodity futures and an basic and technical

      analyst.

      Over the years, Mr Lo won many individual and team sales champion

      awards, as well as outstanding employee awards. He was invited, as a

      guest mentor, to the University of Hong Kong, Guangdong Ocean University

      and Guangzhou Jinan University. And he was also appointed as the chief

      training consultant by Hantang Securities and Dongguan Securities in

      China.

      Mr Los experience as guest of honor invited by media including Chinese and English newspapers and columnist:

      -Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch

      -Guest of honor invited by Now Finance Channel - Forex Reports

      -Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities

      -Guest of honor invited by ViuTV - Investor Smarter Group

      -Columnist of Finance and Forex Market of Ming Pao

      -Presenter of Finance and Forex Forecast of Ming Pao

      -Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance

      -Appointed lecturer of Ming Pao Investment Seminar and Paid Course

      -Author of the best seller Investment 36 Stratagem

      -Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net

      -Guest of honor of Open Good Morning of ET Net

      -Guest of honor of Metro Finance Channel - Market Opening, Instant

      Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market

      Analysis

      -Guest of honor of New Era of Investment of RTHK

      -Columnist of Capital Commodities of Capital Weekly

      -Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond

      -Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture

      -Guest presenter of Weekly Investment in the World of Enrich Culture

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