Daily News | US elections cause shockwaves

We are in the second day of this week of global binary options trading, with plenty of opportunities for you to make the most of a few well placed trades. This Tuesday, all the news out there is being overshadowed by the US elections. The US dollar, for example, from Friday to Monday, the currency rose from €0.8990 to €0.9030. Oil prices have remained stable as financial investors and traders cautiously position themselves for a win by Hillary Clinton. US West Texas Intermediate crude futures were virtually flat, while International Brent crude prices were up 8 cents. It seems that investors are piling back into the energy sector, as polls put Clinton ahead of Republican Donald Trump. On the other side of the Atlantic, the British pound sterling, in the same timeframe, dropped from $1.2549 to $1.2456. This might have come to pass as big global banks, such as Morgan Stanley, JPMorgan Chase &CO and Goldman Sachs Group Inc are bracing for potential fallout on financial markets following the elections. These preparations are reflecting the experience bankers had following the Brexit vote, when the S&P 500 fell 3.6% after the poll. We will deal with the aftermath of the US elections tomorrow, when the dust settles.

Daily News | Don’t let the elections get you down!

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