Data from Jinshi on July 22nd, Capital.com analyst Kyle Rodda stated in a report that now that the uncertainty surrounding the Democratic presidential candidate has disappeared, the market is starting to follow the possibility of Harris winning the U.S. election. The initial trend in the market shows a pump in futures and a decline in the U.S. dollar. However, this should not be seen as an endorsement of Harris' potential agenda or as friendly to the market. Instead, it is a moderate relaxation of safe-haven measures over the weekend when the uncertainty of whether Biden would withdraw from the race reached its peak.
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Institutions: The market begins to follow the opportunity for Harris to become President of the United States.
Data from Jinshi on July 22nd, Capital.com analyst Kyle Rodda stated in a report that now that the uncertainty surrounding the Democratic presidential candidate has disappeared, the market is starting to follow the possibility of Harris winning the U.S. election. The initial trend in the market shows a pump in futures and a decline in the U.S. dollar. However, this should not be seen as an endorsement of Harris' potential agenda or as friendly to the market. Instead, it is a moderate relaxation of safe-haven measures over the weekend when the uncertainty of whether Biden would withdraw from the race reached its peak.