Tests the 200 day MA at 18.39778 level. Other markets are leaning Clinton
The early whispers are leaning Clinton's way. So..
- Gold is down $6 or -0.47%
- S&P is now up 11 points and the Nasdaq is up 0.61% (trading at the highs for the day)
- US bond yields are up 3.7 basis points (10 year yield).
A Clinton victory will take away the flight to safety bid in Gold and bond and the stock market will collectively breath a little easier (Trump uncertainty is simply not supportive).
Another election tracking currency pair is the USDMXN. That pair has moved below trend line support , the 50% of the move up from the April low at 18.48316 and is down testing the key 200 day MA at 18.3977 level.
It ain't over, but the markets are leaning in the early hours.
For a pre-election analysis on the USDMXN CLICK HERE.