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The market is fevering against the background of possible Trump’s victory

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The market is fevering against the background of possible Trump’s victory

The market is fevering against the background of possible Trump’s victory
November 09
09:00 2016

The victory of the Republican candidate is becoming more possible with every minute. What changes have the financial markets undergone in this regard? Since the election of this candidate promises enough surprises, investors hurried to get rid of assets related to emerging markets, favoring conservative assets, which little prone to the volatility. For example, they are the yen, the Swiss franc and gold. It is significant that the yen exchange rate has increased by 3% against the US dollar, while gold futures have risen by 4%. There is also the dollar’s decline against the Swiss franc.

As for the situation with oil, the fall should be expected. The fact is that Donald Trump intends to adhere to the policy of protectionism, which will have a negative impact on trade relations with China. Moreover, such a policy will clearly cause a decrease in demand for oil in the United States.

At the moment, Brent crude oil has fallen by almost 3% on the London Stock Exchange. WTI oil at NYMEX has the similar pattern of behavior. It has declined by 3% to $ 43.60 per barrel. Since the economic course of the most probable US President has not been presented to the public in a clear and understandable form, the experts began to doubt the December interest rates increase of the US Central Bank.

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1 Comment

  1. Nick
    Nick November 28, 15:56

    In recent days, the financial markets have expected the victory of Hillary Clinton. It was seen, for example, on the dynamics of the dollar to the yen and other currencies. Donald Trump, according to preliminary results of the elections, shows better results than it was expected by the markets, and this is reflected in the negative dynamics of the Asian markets. In case of Trump’s victory, we can expect more volatility in the markets in the short term.

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