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US dollar strength as Trump gains on key states
2020-11-04 • Updated
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is trading above the Kumo. Further bullish momentum will lead the currency pair to retest the previous high.
European Market View
- The main story in FX markets this morning is a broad strengthening of the USD while other safe havens have also benefitted on heightened uncertainty in regard to the US election outcome. RUB was the clear early in the morning.
- The odds of Trump re-taking the White House has risen quite substantially since yesterday. EUR/USD have dropped on this nearly a figure to from the 1.17's to 1.16's while now is trading in the middle of that range.
- The SP500 futures surged this morning as Trump leads in battleground states.
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