Author: Umar Hashmi

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How the US election could impact emerging markets

The U.S. presidential election is an important event that affects global financial markets, with its influence reaching far beyond U.S. borders into the economies of emerging markets (EMs). As the largest economy in the world, the U.S. shapes global financial conditions through its policies on growth, trade, and international relations. UBS analysts have outlined several ways in which the 2024 election could affect emerging markets, particularly through shifts in the U.S. macroeconomic landscape, trade strategies, and geopolitical relationships. Emerging market assets are closely tied to expectations surrounding the U.S. economy. Factors such as GDP growth, inflation, interest rates, and the…

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Trump win could challenge IRA policies, says Jefferies

A Trump victory in the 2024 US presidential election could place the Inflation Reduction Act (IRA) at risk, according to an analysis by Jefferies. The report pointed out concerns over potential rollbacks in renewable energy support if Trump returns to office, particularly as Republicans are expected to take control of the Senate. “The White House remains a toss-up, but a narrow Republican Senate win appears likely,” Jefferies stated. In this scenario, former President Trump could attempt to reverse many of the IRA’s provisions, including incentives for renewable energy projects like solar and wind. However, the analysis pointed out that the…

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Trump, Harris neck and neck ahead of the crucial debate

A national poll by The New York Times and Siena College showed a tight race in the final weeks before the presidential election, with Republican Donald Trump holding a slight edge over Democrat Kamala Harris. The survey shows Trump with a 48% to 47% lead, a margin that falls within the poll’s three-point error range, suggesting that the outcome of the November 5 election is still highly uncertain. The recent poll comes after a challenging period for the Trump campaign, following Democratic President Joe Biden’s withdrawal from the race in July. Despite these challenges, the polling data indicates that Trump’s…

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Cryptocurrency

With Bitcoin at $54K, could $31K be its next stop? Data suggests…

Historical trends suggeste BTC’s price was on the verge of dropping below its realized price-to-liveliness ratio.  The coin was testing a key support level at press time.  Bitcoin [BTC] investors have been struggling for quite some time now as the king coin continued to lose value. In fact, a recent analysis points out a development that indicated a bigger price drop in the coming weeks. Let’s have a closer look at what is going on with Bitcoin. Why Bitcoin might drop to $31k As per CoinMarketCap’s data, the king coin witnessed a nearly 7% price drop last week. The past 24 hours…

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Cryptocurrency

Ethereum price prediction – Here’s what’s next after sustained waves of selling

Ethereum’s weekly chart against Bitcoin showed that the downtrend has been in play since early 2023. The $2.6k support zone was decisively broken over the past two weeks Ethereum sellers’ consistent dominance has investors worried Ethereum [ETH] formed an ascending triangle pattern on the higher timeframes. The 16.6% drop from Tuesday to Friday was still within this bullish pattern and suggested that long-term investors can be hopeful of recovery. Ethereum has not been against Bitcoin [BTC] which traditionally leads the crypto market. This inability to match BTC’s performance is a frustration for investors. The recent 1000 ETH sale by the Ethereum Foundation did not bolster sentiment either.…

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