You are here

general election

With "Super Thursday" Fast Approaching, This Is What One Trader Plans To Do

With "Super Thursday" fast approaching, which as a reminder will see a trifecta of "event risk" in the form of the UK general election (which nobody seems to care about), the ECB's "allegedly hawkish" decision, and James Comey's Congressional testimony, traders are already putting their hard hats on in a state of self-induced panic.

Gold Surges, Global Stocks Slide As "Super Thursday" Risks Loom

Gold Surges, Global Stocks Slide As "Super Thursday" Risks Loom

With traders realizing that the "Thursday Turmoil Trifecta" looms, world stocks dropped and safe-haven assets rose as investors focused on the growing tension in the Middle East, while caution spread across markets in a week full of risk events including James Comey’s congressional testimony to the ECB’s policy meeting and Britain’s increasingly uncertain election, all in the span of 24 hours. As a result, European and Asian stocks as well as S&P futures all fell, while gold, yen and Treasuries gained.

Key Events In The Coming Week: Thursday Turmoil Trifecta

Key Events In The Coming Week: Thursday Turmoil Trifecta

This week will be all about rhe "Thursday Turmoil Trifecta" when the UK general election will be highlight of a busy week together with the ECB monetary policy meeting, while rounding off events in the US will be James Comey's first public testimony since he was fired by Donald Trump in which he is expected to testify that Trump pressured him to end the Russian probe into Mike Flynn.

Pages