Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 07 November 2016 at 20:59 GMT
Managing Director / Technical Research Limited
New Zealand
The US stock market is closing on its high as shorts get squeezed, the S&P 500 having bounced strongly off its 200-day moving average. USD is stronger on the idea that a Clinton win means the Fed will not have an “uncertainty” excuse to hold off an a Dec rate hike (they might if Trump was to win).

AUD outperformed as iron or and coal prices continue to rise

Betting markets say a “President-elect Clinton” headline tomorrow is a done deal.

Just as important will be who controls the Congress. Pundits say the Republicans will certainly hold onto their majority in the House but it’s 50-50 as to whether they will hold onto the Senate. The Senate is important: they vote on key appointments such as Supreme Court judges. Clinton would love a majority....

This Bloomberg chart shows what happened to the S&P 500 after previous elections (initial re-action is often the wrong one)
Strateg Strateg
Been testing fx signal services lately with varying results. Planning to build my own trading system now. Exciting.


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