10.11.16

Good morning,

As the dust settles on the US Election result we see the markets return to a somewhat business as usual standpoint. Gold spiked up to just under $1340 per ounce as the State wide results were being announced and it became apparent that Donald Trump had a real chance to win. Once the result was no longer in doubt, market participants seemed to become resigned to the fact, and decided to offload their positions and cash in some profits. Yen and Suisse gained, but then again, as with Gold, the markets offloaded, and the prices returned to close towhat they had been before the counting started. The only real casualty has been the Mexican Peso, which is down 8.7% against the Dollar and the USDMXN pair was trading at 19.97 briefly reaching a high close to 20.70 when trading had started closer to 18.30

The Reserve Bank of New Zealand reduced interest rates to 1.75% the 25 basis point reduction had been expected. NZDUSD trading at 0.7271 at time of writing. Japanese Foreign Investment figures were published, showing a reduction on previous figures while in Australia Investment Lending and Home Loans figures for September were showing better than had been expected. AUDJPY trading at 81.22 at time of writing.

In Europe & the US this session there will be Consumer Price Index data from a number of countries including Norway, Greece, Portugal and Ireland. Italian Industrial Output data for September, and Denmark's Inflation figures for October are also on the European agenda. EURUSD trading at 1.0940 at time of writing. Across the Atlantic there will be Jobless Claims figures out of the US and the New Housing Price Index data out of Canada. USDCAD trading at 1.3398 at time of writing.

I hope you all have a nice day.