09.11.16

Good morning,

The Markets will remain focused on the American Presidential election results. Hillary Clinton went from a firm favourite to evens, and is behind at time of writing. EURUSD saw gains, Oil sold off, GOLD rose. All showing the markets has reacted to a weaker dollar as a transition is going to take place, in that an unexpected Trump victory is looking likely. The markets worldwide saw volatility as adjustments were, and are being made to counteract previous sentiment.

Going to the agenda preliminary Japanese Machine Tools Orders will be the main Asian data for the session, before the New Zealand Interest Rate decision where the Reserve Bank of New Zealand is expected to cut from 2% by 25 basis points. NZDUSD trading at 0.7327 at time of writing. European markets will look towards Britain's Trade Balance figures for September amid a re-positioning market. Post Brexit action could be repeated here as this is actually an even bigger upset than the 50/50 expectation of the United Kingdom voting to leave the EU. EURGBP trading at 0.9014 at time of writing.

Everything Stateside will be coming to terms with the deplorable 'new normal' of a Republican House, Senate and President it seems. Donald Trump has shocked the people who predicted another outcome. EURUSD trading at 1.1203 at time of writing. GOLD traded to a high of $1337 at one point during the Asian market, as the potential increased of a Trump presidency. Gold trading at $1321 at time of writing.

I hope you all have a nice day, whoever you voted for!