October 30th End-of-month USD/JPY and GBP/JPY analysis in Europe and US hours
(
Today is the final trading day of October. It is month-end trading.
Yesterday, the US GDP results were the best ever, so
the dollar has been strengthening since then, but the presidential election is on November 3rd and 4th,
so around the midday of the 4th, there could be big moves.
This weekend, I would like to review the previous movements.
People say the presidential election is 【favorable to Biden】,
but it’s strange who would vote for Biden if such a scandal emerges.
Now it has become a battle between democracy vs socialism,
the patriotism, resolve, and determination of Americans to defend the country and not become socialist are creating enormous power in Trump's campaign.
Therefore, I had assumed this week Biden would withdraw from the presidential race,
and I’m somehow surprised that the election continues as it is with remarkable nerves.
(The president on that drama channel 24 was also persistent.)
Former NYC mayor Giuliani, who has all the evidence,
said it’s something you’ve never seen before, worse than Nazism,
and the future of America may be turbulent, including red scares.
Next week, a different scenery might appear,
so today we should be careful about positions carried over.
Now, let us analyze Europe and America time using the Keikana Line method again today.