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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