With US midterm elections are just around the corner, the US president's agenda is under huge pressure: it is extremely rare that the president and the Congress are from the same party!
The idea of 'making America great again' is the base of every decision that Donald Trump has made up until now. It is easy to say that since he was elected the US economy is looking better than ever.
With the trade war and the implemented tax on Chinese goods, the US Dollar is gaining strength together with the US stock markets.
If analysts are predicting with 90% chance that the upcoming Congress will be Democrats, we all wonder what will happen to the new agenda of Mr. Trump?
Traders are looking on gold in the time of market fear and uncertainty, Gold is traded at 1,232.40. In addition, the US Dollar has been losing steam over the last couple of days, as some of the macro data has disappointed, with the US Dollar Index failing to remain above the key resistance of 95.50. The falling greenback also helped the precious metal to rise.
On the upside, the resistance could be seen at around 1,240 USD and if conquered, further rise toward 1,260 USD might occur.