Waters Quite on Indices – 11 Nov 2016

Waters Quite on Indices – 11 Nov 2016

Market Overview:

No significant movements in the market are expected today. It seems at the moment that market is supporting strong Donald Trump appointment. The new president of the USA seems more temperate and ready to cooperate with everyone and that gives a huge relief to the average investor and businesses.

It is seen that the markets euphoria is quickly fading. We would like to continue to be bearish on gold, US Treasuries and crude oil and moderately bullish on USD. There are high probabilities that if the USD appreciation continues while the inflation expectations rise and growth continue to remain weak, this could result in downside pressure in the global stock market.

We suggest traders to remain cautious and wait for more signs that would identify Trumps real intentions on variety of different issues (e.g. geopolitical, economic, corporate etc.)

Key points:

• ECB Coeure : it’s too early to know whether US election result will affect ECB policy
• Goldman Sachs CEO Blankfein says US election results bode well for the firm
• Fed’s Lacker: Case of rate rise is relatively strong
• Germany inflation to two year high

Daily Economic calendar:
Country Event Importance Previous Expectations Follow Times
USA Prelim UoM Consumer Sentiment Medium 87.2 87.4 USD 17:00

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