Big changes in America are coming!
Joe Biden is about to become the 46th President of the United States
. The inauguration will take place around 18:30 MT time
on Wednesday, January 20, and at 19:00 MT time the transfer of power from Trump to Biden will become official.
Roughly, 25 000 members of the National Guard will be on duty during the event — a necessary step after Trump’s supporters stormed the Capitol early this month. Donald Trump himself is not going to attend the ceremony.
All eyes are on the USD
now. Traders expect that Biden’s economic stimulus will be bigger than that in other countries.
Moreover, they have faith in the next US Treasury Secretary Janet Yellen. As a result, the USD has a good chance to strengthen during the event
, especially versus the JPY, the EUR, and the GBP. Be ready to a spike in volatility: there will be active trading and plenty of trade opportunities!Trade now