US Presidential Election: Financial Market may have the most volatile movement of the year

November 7, 2016

This week's FXGiants ECONOMIC EVENTS OUTLOOK.

US Presidential Election: Financial Market may have the most volatile movement of the year

This article is originally referred from FXGiants Facebook

*Monday 7th November*

– 09:15 GMT, Eurozone: ECB Vice President Vitor Constancio speaks

– 10:30 GMT, Eurozone: Retail sales: Usually not a major market mover.

– 16:00 GMT, Eurozone: ECB Executive Board member Sabine Lautenschlager speaks

*Tuesday 8th November*

– N/A, US: Presidential Election Day: Trump vs Clinton: The results are likely to start coming in during the Asian morning Wednesday.

A Trump win could lead to an environment of risk-aversion that benefits safe havens gold, JPY and CHF and hurts pro-risk assets like stocks.

A Clinton win could benefit stocks and currencies like AUD & NZD, and hurt safe havens.

– N/A, China: Trade balance, for October: Both exports and imports to fall again, but at a slower pace. Exports expected to fall much faster than imports.

– 09:30 GMT, UK: Industrial production, for September: An increase in IP could help GBP to extend its recent gains.

*Wednesday 9th November*

– N/A, China: CPI & PPI, for October: This would be further good news for the PBoC, and may lower even more the likelihood for any action by the Bank.

– 22:00 GMT, New Zealand: RBNZ rate decision: Both the forecast and market pricing points towards a rate cut. Such a decision may reverse some of the Kiwi’s recent gains.


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Original Source: FXGiants Facebook

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