Market News

Despite Trump’s surprising popularity, it seems that the stock markets favor a Clinton victory in Tuesday’s exhilarating U.S. presidential election.

The Pound Sterling was hit hard after the US Dollar surged in Asian trading on the latest political news which gives Democratic nominee, Hillary Clinton, renewed hope for winning the presidency.

The dollar strengthened and Asian stock markets followed suit on Monday after the FBI announced that it stood by its original recommendation not to press charges against U.S. Democratic presidential candidate Hillary Clinton.

There will be a much lighter news schedule this week compared to last week, with major input due from only one major central bank, the Reserve Bank of New Zealand. Get the weekly economic calendar for the week of November 7, 2016 here.

Ahead of the last weekend before the US Presidential election, the safe haven Japanese Yen was pushed higher versus the US Dollar as FX traders ponder the possibility that Donald Trump could become the next US President.

The US Dollar continued to lose ground during the European trading session, losing about .5% versus the safe haven Japanese Yen, among others.

Asian markets failed to find themselves in a meaningful rebound territory on Thursday even as oil prices rose one percent.

The Pound Sterling touched a 2-week peak versus the US Dollar which analysts say was broadly weakened after the latest polls showed that the Republican candidate for president was closing the gap with his Democratic rival.

A run to safe havens such as the yen and gold on Wednesday shows that the tightening of the electoral race between Donald Trump and Hillary Clinton has left more than just Americans running scared.

Once again, the Bank of Japan decided to maintain the status quo and held off with additional quantitative easing.

Both the Reserve Bank of Australia and the Bank of Japan announced on Tuesday decisions to keep interest rates unchanged.

The US Dollar bounced back after Friday’s slide in the wake of the controversial FBI report which painted Democratic presidential nominee Hillary Clinton in a bad light.

Hillary Clinton’s near 8-point lead over Donald Trump has been all but eviscerated as FBI Director James Comey announced that the agency is once again reviewing emails sent on Clinton’s private server when she served as secretary of state.

There will be a much heavier news schedule this week compared to last week, with major input due from at least four major central banks. Get the weekly economic calendar for the week of October 31, 2016 here.

The US Dollar moved toward a 3-month peak versus the Japanese Yen as expectations grow that the Federal Reserve Bank will now certainly raise rates before the year’s end.