Next week, on November 3rd, the USA will hold its Presidential Elections. This event is sure to disrupt all the financial markets; it will inevitably spark a sharp movement of USD rate. However, it is still unclear which way goes the chart and how these events will affect other countries.
Regarding all the notorious presents of 2020 – the pandemic, the coronacrisis, millions of jobless people, new restrictions and new concerns about the future, - this time the volatility may be even higher than it normally would.
This is why we highly recommend our clients to be extra cautious when trading these days.
If you are not sure about it and not willing to take extra risks, it may be a good idea just to avoid the most volatile assets altogether. Let’s save our nerves, there is not so much of them left this year.