Wednesday, November 9, 2016

Donald Trump elected new President of the United States of America



Donald Trump has been officially elected as the new President of the United States of America, after Hillary Clinton conceded defeat.

Earlier this morning, according to a popular US news channel, Clinton called Trump to concede defeat in the presidential race. For many very well respected and influential political commentators, this result is the most shocking development in politics for many generations.

At the core of this victory is that fact that Trump over-performed in key states whereas Clinton failed to take advantage of expected supremacy. Losing states such as Florida, Pennsylvania, Ohio, North Carolina and more caused too much damage for Clinton to take office. Furthermore, the republicans also retained the House of Representatives majority.

During the victory speech, Trump commented about Clinton "We owe her a major debt of gratitude for her debt to our country" and added that he plans to be the "President of all Americans".

For the markets, the coming days should experience risk aversion as the main driver which of course should see volume shift to safe-haven symbols such as Gold, CHF and JPY pairs.
                                                                                      
Currencies within the EU are expected to battle with their own economic and political agenda's as well as a weaker dollar. Commodities will probably mirror movements in the stock and Indices markets.

Make the most of the market movements with our US Election bonuses for today only!

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