Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Bob Mason

Trump’s COVID-19

The news hit the wires in the early hours of Friday morning that Potus and Flotus tested positive for COVID-19.

Conspiracy theorists will undoubtedly be going crazy over the implications of the latest news. More relevant, however, is the timing of both U.S President Trump and First Lady Melania Trump’s infections.


Following Wednesday’s first of 3 live televised debates, Trump failed to eat into Biden’s lead.

Biden’s attacks on Trump over the handling of the COVID-19 pandemic were perhaps a wake-up call for the Republicans.

How can Trump and the administration garner the sympathy vote and change the narrative?

Simply blaming China has failed and failed royally. China’s economic bounce back and control of the pandemic continues to make the U.S administration appear inadequate at best.

So, with the U.S Presidential Election on 3rd November and 2 live televised debates left to go, how will the nation respond?


The Market Reaction

As we saw on Wednesday, the markets are looking for a Trump victory. Biden’s intentions to repeal Trump’s tax Bills and uncertainty over the impact of other policies leave the markets edgy.

Trump falling victim to COVID-19 is another negative for the markets.

In response, the Asian and European equity markets saw red, with the U.S Futures also in the red.

At the time of writing, the Dow Mini was down by 400 points. The U.S Dollar Spot Index was up by 0.14% to 93.844, with risk aversion also fueling demand for the Japanese Yen.

The Japanese Yen was up by 0.36% to ¥105.15…

With the markets bulking at the latest news, the bigger question is whether the U.S Presidential Election can be postponed.

Trump had previously looked to postpone the election due to the COVID-19 pandemic.

Ironically, it could actually be COVID-19 that delays next month’s Presidential Election, or so Potus believes.

While the uncertainty will now grip the markets as a debate rages on, sympathy votes may start rolling in…

In reality, however, Trump testing positive reflects just how inept he is and has been over COVID-19.

If the U.S President can get it, anyone can get it and that should be alarming…


Simply considering the fact that Trump had previously attempted to delay the election over COVID-19 is a red flag.

Announcing that he has tested positive is another alarm bell.

For a U.S President constantly accusing the news media of delivering fake news, this could be the biggest spoof of them all.

Sadly for Trump, he does not have the power to delay or postpone the U.S Presidential Election, however.

That is with the exception of election delays due to acts of terrorism.

COVID-19 may not be viewed as an act of terrorism by many. Trump, however, may see things differently.

Since the beginning, Trump has accused China of delivering the pandemic to the U.S. Could this be considered an act of terrorism by Congress?

What a coup that would be for a President on the ropes with a month to go. Again, sadly for Trump, the chances of Congress even coming close to such a view is slim to none…

In order to shift the U.S Presidential Election date, both houses of Congress must pass a change to Federal Law.

With the Democrats almost certainly licking their lips at the prospect of facing off with Pence, that’s not going to happen.

A U.S Presidential Election has never been postponed, not even after 9/11…

What’s next?

For the Democrats, it has to be business as usual, with Biden fit and healthy and able to continue with his campaigning.

An absent opponent should give Biden a chance to widen his lead. Voters are unlikely to be too impressed with Pence as U.S President. Loyalty lies with Trump more so than the Republican Party.

The first real test will therefore be what happens at the next presidential debate on 15th October.

Will Trump participate via video call or will Pence step in?

Either way, Trump will need to gauge quickly how voters have reacted. If the gap widens, Trump may have to miraculously recovery from COVID-19, despite his age, and return to the campaign trail.

If that doesn’t happen the U.S equity markets could be heading for the correction that many have been awaiting. Expect the Dollar Spot Index to start taking a run at 100 and for the Yen to start approaching ¥100…

A few governments and economies will not be too alarmed at the latest news.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.