EURUSD: Consolidation under 1.1080 continues. Meanwhile, a new growth attempt is possible.
You can buy a breakthrough of 1.1100 and up.
About the elections:
One of the important events for the markets, the elections in Britain on December 12 where the campaign is actively ongoing.
At the same time, there is a campaign in the United States, although the elections will take place for a year later, in November 2020.
Britannia The Brexit question depends, of course, on the outcome of the election.
In Britain, there are a lot of people who are unhappy with both Brexit in general and B. Johnson's version. Many would prefer the soft option which is to leave all the issues of trade relations "as before" satisfied with the restrictions on the influx of people from poor countries of Europe. In principle, this is an option of the main opposition party which is the Labor Party. The Labor Party could win, if not for their leader Corbyn. I would say that Corbyn is such a British Zyuganov. To vote for him is harder than to shoot yourself.
If there was a strong crisis, then the British could take a chance and choose Corbyn. But now everything is normal in the economy. So, most likely, the conservatives will win and there will be Johnson and his version of Brexit.
USA The impeachment procedure is, of course. the main part of the Democrats election campaign. The goal is to drop Trump's support as much as possible. And apparently, this will give a result where Trump's chances are reduced.
But, the problem is the same in Britain. To win, Democrats need a candidate who can attract not only the core of the Democrats but also a large mass of moderate, vacillating ones. For the moderate, Elizabeth Warren is too radical. Biden is better but he, like Trump tainted by history with his son and Ukraine.
It seems that Michael Bloomberg appeared on the horizon, this is a strong candidate, in my opinion, but will the party accept him as his candidate? I doubt.
So, while Trump is more likely to look for a second term, which is not at all very good given the sharp movements of Trump, a trade war with China and an attempt at duties against Europe; rapid exit from Syria with the rejection of the support of the Kurdish allies.
Trump's cards can be mixed up by the new Big Crisis if it starts before the election. But so far there are no clear signs of a crisis.
We'll see.
