It seemed all but over and now it is officially over: the networks have called the elections for Donald Trump, the Republican nominee, which will enter the White House on January 20th 2017. Wisconsin, the rust belt state, was the last nail. We are seeing some “buy the rumor, sell the fact” reaction though. The choice of Americans has implications. Financial markets have already reacted as the picture became clearer during the night. EUR/USD is up, enjoying a weak dollar and piercing through resistance. The common currency could still turn down as it is not a natural safe-haven currency GBP/USD is above 1.25. This is a mix of dollar weakness and the big turnaround in the pound on “Super Thursday“. USD/JPY is crashing: the yen is the ultimate safe haven currency. The prime candidate in our elections preview. Beware of interventions USD/CAD is moving higher, eventually breaking critical resistance – the Canadian economy and the dollar suffer from a worsening of trade relations. AUD/USD is sliding – it is also a risk currency NZD/USD is slightly lower, showing more resilience. USD/MXN is shooting higher – the Mexican peso suffers from Trump’s promise of a wall and worsening trade relations in general. This reaction was fully expected, but perhaps not a whopping 13%. WTI Crude Oil is falling, no appetite for risk. Stock markets in Asia are crashing and US futures are also deep down. More: US elections – all the updates 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Technical levels greeting President Trump for major pairs [Video] Yohay Elam 6 years It seemed all but over and now it is officially over: the networks have called the elections for Donald Trump, the Republican nominee, which will enter the White House on January 20th 2017. Wisconsin, the rust belt state, was the last nail. We are seeing some "buy the rumor, sell the fact" reaction though. The choice of Americans has implications. Financial markets have already reacted as the picture became clearer during the night. EUR/USD is up, enjoying a weak dollar and piercing through resistance. The common currency could still turn down as it is not a natural safe-haven currency GBP/USD… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
