Friday, November 04, 2016

Will You Trade During the Election Day?

 The election campaign of the candidates for the new four-year US presidential term is almost over. The elections will be held on 8th November and the American people will choose the new host of the White House.

My impression is that the markets are slowly getting less and less volatile. It is very possible that on Monday, which is generally a consolidation day, the volatility will drop even more while everyone are waiting for the election results.

Whatever those results turn out to be, they will undoubtedly leave a strong and long-lasting mark on both the external and internal policy of one of the most powerful countries in the world. And they will inevitably have a strong effect on the financial markets.

We will likely see strong volatility during the election day and right after.

My personal choice and intention is to wait out these elections as a spectator. To those who do decide to trade and trade the USD especially, I wish you success and good luck.