Morning Call. Market Overview for 09.11.2016

The Big Picture

The world changed overnight. The big surprise is perfected. Donald Trump wins the US elections. Americans have voted for change. Donald Trump has managed to win important swing states such as Florida and Ohio. Most polls had seen Hillary Clinton as the victor. Donald Trump managed to strongly motivate his supporters to vote. The largest US voter segment, whites with low education, has decided by a majority of 70%, to vote Trump.  Latest analysis also show that 80% of evangelists have also gone with Donald Trump. George Bush junior was able to win the election with the aid of this voter segment. Additionally, Hillary Clinton was not able to gather enough support amongst the Hispanic and Afro-American voters. The Republicans have also most probably won the House of Representatives and the Senate. Donald Trump has announced marked changes in Climate, Free-Trade, Iran and Nato policy.

DAX

The DAX is in a sideways trend.  Resistance is at 10820, support at 10250.

Euro / USD

The Euro is in a large sideways trend against the Dollar. Support is at 1.0822, resistance at 1.1429.

USD / JPY

The USD is in a short-term downward trend, major support is at 100.

Gold

Gold is in an upward trend

WTI Oil

WTI Oil is in a downward trend

Overnight:

International markets and stucco futures have collapsed. The S&P 500 loses 4.79%, briefly trading limit down at -5%. The DAX is down 4.71%, near 10000, other European markets also losing strongly. Asian markets also see strong weakness, the Nikkei 225 loses 4.87%. Trump previously announced that he would build a wall to Mexico, the Mexican Peso drops 12% to new lows against the USD. The USD loses 3.34% to the Yen and 2.34% against the Euro. Safe Haven Gold rises 4.11% and Oil loses 2.87%.

Economic Data:

• 16:00 USA: Wholesale Inventories

Quarterly Results:

• Germany: München Rückversicherung, E.ON, Heidelberger Cement
• USA: Viacom

RoboForex Analytical Department