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The “Trump Trade”, “Blue Trade” and … Gold?
There have been some major shake ups in the US election over the last couple of weeks, and they haven’t gone unnoticed by the markets. The major news events are seen having an effect on equities, commodities and even the dollar. This has led to the rise of the term “Trump trade”, and the competing “blue trade”, as investors try to pre-position ahead of the results in November. How could this affect currency markets going forward? And is there a clear winner? Before mid-July, markets were deliberating in what was generally thought to be a continuation of the status quo if Joe Biden won another term, and a ... (full story)