ForexLive Asia FX news: US election - risk sells off

ForexLive Asia FX news: US election - risk sells off - Trump win

Forex news for Asia trading Tuesday 9 November 2016

It's over: Fox News projects Trump to win Wisconsin
Trump projected to win Wisconsin (bad loss for Clinton if so)
Trump projected to win Florida and Ohio
A snapshot of the strongest and weakest currencies
Japan's Asakawa says FX movements are volatile
A look around the markets....Not looking good
Trump projected to win Utah (another battleground state)
Hard to see how Hillary Clinton can win Wisconsin (or the White House)
Clinton projected to win California, Hawaii, Oregon, Washington
Don't forget about the Senate
Trump projected to win North Carolina
New York Times model puts President Trump at 91%
EURUSD breaks above 200 day MA and trend line resistance....
S&P futures down big but there's no very little support ahead of the Brexit lows
Clinton projected to win Colorado and Virginia
USDCAD makes new 8 month highs....
The next question is how far markets move
Key state of Ohio called for Trump
Fresh lows in USD/JPY, Mexican peso blows out
Another election model just bumped up Trump's probability of winning
USDMXN reaches record high...
It's all down to Michigan and Nevada (Wisconsin too)
USD/JPY bounces as Clinton inches ahead in Virginia
Clinton to take Virginia?
FX intervention watch ... BOK looks to have been in
Hillary Clinton is closing the gap in Virginia
S&P futures fall below 200 day
The market is in denial here
If Clinton loses Virginia, she is virtually done
New York Times model now has Trump at 53% of winning presidency
EURUSD moves toward the 200 day MA
A punt on Trump still has good value here
USDMXN surging as Trump path stays solid...
Gold approaching 1300 ... 'risk' indicators getting trashed
If Trump takes Virginia, he will become the favorite (and he's ahead)
Mexican peso traders are starting to envision a wall
USDJPY makes a break to new lows for the day
The market is having a Brexit moment
USD/JPY (and other 'risk' indicators lower again)
Ohio is a virtual dead heat
USD/JPY back to session lows ... plenty of results to come at top of hour
Time to move on from Florida. Onto Ohio, North Carolina, New Hampshire
Warning: CNN's county tracking numbers aren't reliable (on the website)
China CPI: 2.1% y/y (exp. 2.1%, prior 1.9%) PPI 1.2% (0.9%, 0.1%) + Florida update
I'm not sure why the market is so confident in Clinton right now
Florida is a dead heat but county splits look good for Trump
PBOC sets USD/CNY central rate at 6.7832 (vs. yesterday at 6.7817)
This might be a long night after all
Florida tightens again as panhandle begins to come in but Clinton holding elsewhere
Electoral College numbers: C 44 & T 31. No surprises so far
EURUSD moving toward next target at 1.0980 level.
Clinton storms into the lead in Florida. This is the beginning of the end for Trump
Trump projected winner in South Carolina (models had him at 80%+ chance of win)
Florida update, 66% in: Clinton 48.9, Trump 48.2
Why the early Florida results are almost-surely a headfake
USD/JPY back down to the lows with Trump leading in Florida
Trump wins in West Virginia (as expected). Florida still tight.
Trump storms back as more Florida votes counted
Hillary Clinton leads by nearly 2 percentage points in Florida
The first move in the dollar? To the downside.
US Election - Pollsters beginning to 'call' victors in states
Game on: The results that matter begin to roll in
US election - Polls close in Florida, Virginia, Georgia, South Carolina and Vermont
Japan data: BoP Current Account Balance (Sep): ¥ 1821.0B (expected ¥ 2020.0B)
European Parliament to consider plan to allow British citizens to keep EU citizenship
Australia data - Westpac monthly consumer confidence: -1.1% m/m (prior +1.1%)
California polling station 'on lock down' after shots fired nearby
Watching the markets for election winner predictions? CHF dropping.
Clinton campaign manager plays down chances in North Carolina. Demographics to help Clinton in FL
George W Bush spokesman says he didn't vote for Trump
Black swan watch: Here's what happens if the Electoral College vote is a tie
Gut-check time: What if Trump actually pulled this off? T
The first exit polls are out: 44% favorable rating of
Forexlive Americas forex news wrap: It's election day
Trade ideas thread - Wednesday 9 November 2016
New Zealand data - October retail card spending +0.6% m/m (expected +0.4%)
ECB Coeure: Highly accommodative monetary policy remains appropriate
Oil price drops a few cents more on release of inventory data - bigger than expected build
How are the markets voting?
AUD/JPY brushes Brexit high aside

Even before counting began the moves were quite large, with expectations of a Clinton win the prevailing mood. USD/CHF, for example, traded to above 0.9830 and USD/JPY above 105.40. As results began to come in and reported in the media, financial markets continued to swing quite widely.

The USD/JPY, for example, results showing Clinton ahead saw a bid, while if Trump won counties and states saw USD/JPY offered.

You can see the swings if you track through the headlines, above (read from the bottom up for chronological order)

But by 9pm (US ET) it was becoming clear that risk selling was an appropriate response ... 'risk' indicators were plunging, with USD/JPY under 103.50 (from an earlier high in the session above 105.40). And then it all accelerated as Trump won key states up for grabs while Clinton struggled to hold on to 'safe' states.

Greg has provided: