Daily Alert: Tuesday 8th November 2016

Mark NugentDaily Alert, Nov 2016

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Forex Analysis for Tuesday 8th November 2016
Economic Calendar

The economic calendar on Monday was sparse.

Early Tuesday sees China Trade Balance missing (325B vs 366B) due to exports being below expectation.

Market Reaction

Major equity indices all gapped up and moved up yesterday on positive sentiment driven by expectations of a Clinton victory. Oil headed back to the 50MA. The USD gapped up and moved up on Monday’s open. The JPY weakened correspondingly. The GBP came off High Court-inspired highs. CAD gapped up at oil rose but closed at the open price. The NZD continues to edge up into Wednesday’s rate meeting.

Media

US election market reaction cheat sheet
OPEC says Russia on board with production limit

Today

UK Manufacturing Production m/m. US Presidential Election.

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