We had the US election this week and no matter how Trump may try in the courts, it looks like the election is lost for him. Of course, the election wasn’t clean, no election is and since the US has a 3rd world election system, with manual vote counting like in the medieval times, its easy to manipulate the election in any direction. This time, Democrats did the better job, so they won. Well, maybe one election in history was clean, the one in 2016, because from the leaked documents, it was obvious Clinton wanted Trump to be her opponent, even leftist media was pushing for him, since they expected an easy win for the Democrats that way. So the Republicans probably thought there is no point to manipulate the election and spend tons of money on it, since its lost anyway, as nobody took Trump seriously…and Democrats probably thought the same, why spend resources, if there is no chance in hell they could lose that election. So they just left it to the people, maybe for the first time in history, and it turned out to be the funniest election night ever. They surely learned their lesson and were prepared this time. Not that it matters to us, who is in the White House, since politicians don’t care about the people, anyway, so lets try to make the best out of it and make some money, at least.
When it was more and more clear to the market that Biden will win, dollar was dropping heavily…and now everyone seems to think that if Biden gets elected officially, dollar will drop, which I don’t see happening. Lets look at the history of the past presidents and the correlation with USDx and EURUSD. I think the charts below say more than any amount of words would, so enjoy.