Remain flat | 09 November 2016

The US Dollar continues to plunge even as the Cable and Euro rise to fresh weekly highs. This follows the latest US Elections partial results indicating Trump as the leading candidate. We expect the US Dollar to continue falling as long as Trump remain in the lead. While the usd/jpy is losing grounds, the Usd/cad appears to gain grounds, this means, if Trump wins, the election outcome could be disastrous to the Canadian Economy. As at the moment, we choose to sit on the sidelines and wait for the overall Election outcome, the market is very volatile at the moment and movements to either sides are highly likely:

Trade Recommendations:

Remain flat