Search ForexCrunch

In the latest White House press conference, US President Donald Trump showed optimism concerning his victory during the upcoming Presidential Election, scheduled for November 03. The Democratic leader also turned down the New York Times report about his tax reports suggesting payment of $750 as income tax in 2016 and 2017.

Key comments

We are going to have tremendous victory in the election.

Will be counting ballots forever after November 3 election.

Did not discuss the election with his u.s. supreme court nominee Barrett.

New York Times report on his income taxes ‘fake news’.

Accuses Barrett’s critics of playing the religion ‘card’ against her.

Market implications

The news helps S&P 500 Futures to kick-start the week on a positive side, up 0.30% to 3,295. However, the EUR/USD pair jumps around 10 pips following the announcements. It should be noted that a light calendar and an absence of major signals from the speech seem to offer mixed signals and question market sentiment via this news.