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Get Used to President Donald Trump – Markets Crash

The elections are all but over with a huge upset: Donald Trump is on track to enter the White House, and be the  strongest person in the strongest country in the world. The victory was not  totally unexpected, but  still a big shock. It’s a matter of time until the narrowing path for Clinton fully closes and Trump wins the electoral college. Follow our live blog for the latest updates. FiveThirtyEight gives Trump higher and higher chances.

Trump wins. It’s official – markets devastated – all currency updates

Clinton may win the  popular vote, but that doesn’t count. The reaction in financial markets is a total disaster:

  • Stock markets that are open are crashing
  • Futures of US markets are falling the most since Brexit
  • Oil prices are falling
  • The safe haven yen is  shotting higher, and so is the Swiss franc.
  • America’s neighbors and (former?) trading partners are seeing their currencies plunge: the Canadian dollar alongside oil, and the Mexican peso, by double digits.
  • The US dollar is sliding against many other currencies, such as the euro. EUR/USD is breaking multiple lines of resistance  but could still retreat later on.


Here is the chart of USD/JPY:




Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.