As Trump was elected president of the USA, markets around the world were fast to react

As Trump was elected president of the USA, markets around the world were fast to react

By: Darryl Frankfort | Where To Trade | On:Wednesday, November 10, 2016
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Where to Trade - As Donald Trump was elected the 45th president of the United States of America, the markets around the world were fast to react.
As a result, the S&P500 futures slumped as much as 5% and Nasdaq plunged futures plunged more than 5%. 

Markets were showing signs of fearing Trump's presidency, after his plans of rasing tariffs on trade and his advocation on immigration control during his campaign. After his wining, the Mexican Peso fell at almost 11% against the USD, bringing the Mexican Peso 
to a record low of  2117.69, thanks to the banking sector that took a lead role in the gains sector. 

Investors and economists say that Trump's presidency affects the risk-sensitive currencies such as the peso, but, on the other hand, investors believe that Donald Trump's presidency affects in a positive way the prices for gold and the Japanese YEN.

The Japanese Yen (JPY) is expected to find support against the dollar, today, during the release of the US Unemployment Claims. The USD/JPY pair closed yesterday against the greenback, at 105.67.

Same thing goes for the British Pound (GBP), that is expected to find support against the USD during the release of UK's RICS House Price Balance, after yesterday's closing at 1.2407 against the USD
Medium Volatility should be expected in the Dollar/Franc (USD/CHF) pair during FOMC Member James Bullard's speech, after in yesterday's closing at 0.9846, reflecting Trump's victory.

Video Summary:

  • United Kingdom: GBP is expected to find support against the USD during the release of RICS House Price Balance
  • United States: Donald Trump was elected as the 45th president of USA
  • Europe: Unemployment in Germany remained near record lows
  • Japan: The JPY is expected to find support against the dollar
  • Stock Markets: Historic changes in the foreign exchange market place
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