The moment of truth for the U.S. people is here.
Tens of millions of Americans will vote today for a new president and end the bizarre presidential race we saw in recent months.
But what will happen to global markets after the results will be out?
Let’s start with Clinton, if she wins the ticket to the white house, global markets will rise and the USD is bound to push higher against other major currencies.
Clinton is regarded as the safe candidate, if she gets voted for office, the U.S. economy should stay on track and keep its good form from recent months. In case of her winning, we’ll see the stocks go higher, while safe haven assets like Gold and JPY go down as appetite for risk will increase.
But what will happen is we see Trump voted as the new president?
Trump generally is regarded as a more risky candidate, he’s unexpected and could bring a major turmoil to global markets.
First of all, if he wins it will be a big surprise, and surprises are always bad to financial markets. A trump win could mean a collapse for stock markets worldwide as a major sell-off will take place.
Also, assets regarded as safe like Gold and the JPY will jump as people will be far more cautious and scared for their money invested in the stock markets and in other major currencies.
The USD will almost certainly go down against the EUR and the GBP, and especially against the CHF and the JPY.
As for now, poll shown Clinton has a 5% point lead over Donald Trump nationally – 44% to 39% support - while races in the swing states of Florida and North Carolina shifted from favoring Clinton to being too close to call.
