⚔ Will today's vice-presidential debate Mike Pence vs Kamala Harris be able to change the tide of the campaign?
All three main stock indices in the U.S. rose roughly 1.5% on Wednesday, recovering from a sell-off in the previous session after President Trump appeared to have changed his stance on the stimulus package.
Today markets’ attention will focus on the US Vice Presidential debate, which will take place in Salt Lake City and will last 90 minutes, starting at 9:00 PM ET. After the first chaotic presidential debate, which was even called by some as the worst American debate ever, today Vice Presidential candidates have the biggest chance to present themselves on the national stage as viable deputies. Attention may focus, among others on the coronavirus pandemic, especially considering the fact that President Trump has recently been diagnosed with COVID-19. Many observers are hoping that, unlike in the previous debate, we will hear substantive arguments from both sides today
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
The US500 almost completely recovered from the recent sell-off caused by Donald Trump's decision to finish the stimulus negotiations. The last 3 corrections were almost identical, which supports the short-term bullish scenario. The closest resistance is located at 3425 pts. Should buyers manage to break above it, then a way for a bigger upward move towards 3485 pts, or even 3580 pts will be open. Source: xStation5
If you still have not read our Election Guide, CLICK HERE to get your copy
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
