Yesterday on Monday, US stocks rose sharply, after the odds of Hillary Clinton, to win the presidential race increased. Also, oil prices jumped, had a positive impact on the shares of the energy sector. Clinton’s chances of winning have risen, following a statement by the US Federal Bureau of Investigation that his verification of a new batch of letters from presidential candidate Hillary Clinton will not lead to accusations. This happened after the FBI announced on October 28 that it was reviewing an additional sample of emails, while Clinton was the secretary of state, which had a negative effect on the world’s stock markets. Clinton is perceived by investors as a more favorable candidate, while maintaining certainty and stability. At the same time, public opinion polls last week showed that the popularity of the second candidate, Trump, is approaching Clinton, who remains the favorite of the presidential race. So, at least five major polls on Monday showed that Clinton is still ahead. The S & P 500 jumped 46.44 points, or 2.22%, to the level of 2.131.52 during the bidding. The Dow Jones Industrial Average added 371.80 points, or 2.08%, ending the session at 18.260.08. The Nasdaq Composite Index advanced 119.80 points, or 2.37%, to the level of 5.166.17. November 8, Most Asian stock markets rose, in the run-up to US presidential elections. So, as investors showed optimism, after the growth of the prospects for a Democrat victory, Hillary Clinton. At the same time, China’s weak foreign trade data held back growth. China’s exports (yoy) in October fell by -7.3%, while the forecast was -6.0%. The volume of imports of China (y / y), in October fell by -1.4%, while the forecast was -1.0%. China’s trade balance in October was 49.06 billion, with a forecast of 51.70 billion. Nikkei Stock Average fell during trading on -5.83 points, or -0.03%, to close at 17.171.38. S & P / ASX 200 rose by 6.99 points, or 0.13%, to the level of 5.244.30. The Shanghai Composite Index rose 14.55 points, or 0.46%, to close at 3,147.89. The Hang Seng Index is growing at 89.29 points, or 0.39%.
Today, the USD / JPY currency pair quotes remain near the opening level of the daily candle, after yesterday’s jump to the top. At the same time, on the H4 chart, several reversal candles were formed, after which, the bears can continue the correction to the south, in the direction of the key support level of 103.53. Alternative option. In case of resumption of growth, the USD / JPY currency pair quotes and the breakout of the High level of yesterday’s daily candle, we can expect the bullish trend to continue, to test the key resistance level of 106.75.
After the rebound from the key resistance level of 0.7728, the currency quotes of the pair AUD / USD, resumed their decline. At the same time, as a result of a decline, on the H4 graph, a candle formation was formed bearish absorption. After that, we can expect the downward correction to continue, towards the key support level of 0.7490. Alternative option. At the same time, the MACD indicator continues to grow, showing the continuing potential of bears. In case of resumption of growth and the breakdown of the resistance level of 0.7728, the bulls can continue to move north to test the key resistance level of 0.7832.
Yesterday, on the daily chart of the NZD / USD currency pair, another reversal candle was formed and the hanged man again. Today, the quotes slipped a bit, but the bears could not return to the key support level of 0.7296. At the same time, the MACD indicator continues to grow, after the recent crossing of the zero line, thereby demonstrating the potential of bulls. In this situation, it is worth considering two scenarios. So, in case of continued decline and breakdown of the support level of 0.7296, the bears can continue to move south towards the key support level of 0.7053. While, in case of a resumption of growth, the quotes of the NZD / USD currency pair and the breakdown of the High level of yesterday’s daily candle, the bulls can resume movement to the north, in the direction of the key resistance level of 0.7416.
Gold quotes, after mining, a key support level of 1277.12, rebounded to the top, continuing to strengthen during today’s trading. The MACD indicator has completed the zero line and is moving along it. In this situation, there is a possibility of continuing the correction to the top, in the direction of the key resistance level of 1315.41. At the same time, in the event of a resumption of gold quotations and a breakdown of the key support level of 1277.12, bears will be able to make a move northward, towards the key support level of 1240.62.
Overview prepared by Fort Financial Services Analytics