Political Uncertainty: Trump Victory Could Boost Dollar

Last week, the US Dollar performed strongly in the currency markets, with the Dollar Index and 10-year Treasury yields rising above key resistance levels. As the US election approaches, there are expectations that a potential Trump victory could boost the Dollar and inflation concerns.

In September, US durable goods orders decreased by 0.8%, better than the expected drop of 0.9%, mainly due to a decline in transportation equipment. However, orders excluding transportation rose by 0.4%, indicating positive trends.

In Japan, recent snap elections led the Yen to fall to a three-month low against the US Dollar due to political instability. Speculation surrounds potential delays in interest rate hikes, influenced by a weakened ruling coalition.

Next week will be busy, with key earnings reports from major tech companies and important US jobs data, which could affect interest rates and stock market performance. The earnings dates for the "magnificent 7" companies are as follows:

1. Alphabet (GOOGL): October 29
    
2. Meta Platforms (META): October 30.
    
3. Microsoft (MSFT): October 30.
    
4. Amazon (AMZN): October 31.
    
5. Apple (AAPL): October 31.