Obama Or Romney,How they would affect the forex market!!
Obama: democrats are more economical than republicans, politically;more moderate, Obama still have successful -long term- economic plans for U.S economy !!!
Romney: republicans will focus on other issues such as Iraq, Iran, terrorism, al-Qaeda , U.S. national security, Afghanistan and lots of bla bla bla that would completely exhausted U.S economy in medium and long term !!
If Obama wins, that would be like an adrenaline injection for U.S economy in medium and long term, then EURUSD will be heading toward 1.1800 levels, It's only matter of time before reaching that level !
Technically , to resume long term bearish trend , EURUSD needs to clear 1.2667 to get out of consolidation, losing 1.2392 would bring massive bearish move below the psychological level 1.2000 in medium and long term outlook !!!
Anyway, I expect painful end for this year , somewhere between 1.2400/1.1800 levels !!
If Romney wins- for me It would make no sense - that would be an early warning for real crisis in the future for U.S economy, the EURUSD will be heading toward 1.4000/1.5000 levels in medium and long term outlook !!!
Technically, to get out of consolidation , the pair needs to clear 1.3212 levels , that would confirm bottoming at 1.2042 in medium term, the next challenge would be around 1.3500 levels, passing this level would open up the way toward 1.4000/1.5000 levels !!!!
Best Regards
Haitham653
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Comment by Romano on October 14, 2012 at 12:16pm -
How come Mr. Haitham? Wasnt Obama more about raising debt and support Bernanke to print and Romney more about to criticize FED printing? - shouldnt therefore eur/usd move opposite for those candidates? Not that I trunst or believe in any of them - both are liars and idiots IMO, but just to that eur/usd movement u mention... thanks
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Comment by Peter jcp on October 14, 2012 at 1:15pm -
I would have to differ with you Haitham without really being politically bias.. In politics around the world - democrats/ socialist/ labour policies are more for larger governments and increased spending on welfare - whether it be state employment hospitals, schools etc etc. Republicans / conservative are more "laissez faire" wanting less state intervention - more entrepreneurs - cuts in social benefits etc etc - ie a tightening of budgets - less borrowing etc. They might be more encouraged to spend more on defense and wars etc which is costly - but normally a countries GDP should grow more with a moderately free enterprise - less bureaucratic state control and regulations etc.
Saying that you therefore would expect the dollar to strengthen with a Republican government - but as Romano as said both leaders have their problems and Romney would not have the same world wide respect as Obama - who after all has had to pick up the pieces - left by the world wide recession and everybodies favourites - the Banks ;-((
Nobody really know how bad the US economy is at the moment. Figures have been distorted for years - just like their oil reserves . Their debt in more the the Eurozone - which as we know is also in crisis. Its the "ugly contest" - you don't really want either currency - but the actual outcome can be used either way - all according to how the market makers can make the most money from the whole situation.
Have a great week
Regards
Peter
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Comment by Haitham653 on October 14, 2012 at 1:43pm -
Hello Mr. Romano..
I agree with you , but you are talking about special and rare cases that usually affect the USD for short term...
I'm talking about long term view , U.S at crossroad now politically and economically!!!
Technically EURUSD is also at crossroad in short / medium term , so we need to watch these levels 1.2667 and 1.3212 !!
Thanks...
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Comment by Pipomatic on October 14, 2012 at 6:07pm -
This data doesn't really speak in favor of Obama:
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