In the last televised debate with Hillary Clinton on Wednesday night in Las Vegas Donald Trump did not change his provocative attitude and did not cancel controversial opinions, which caused a storm of criticism and resulted in the loss of support of some voters as the preliminary polls show Clinton to lead in this debate. The Republican candidate once again refused a declaration that he considers any outcome of the election, questioned the findings interview that Russia had broken into American computer systems and denied that sexually assaulted women. Though his objections were supported by recordings of conversations Trump boasted that he did so with impunity through his fame celebrity. Moreover, the Republican Party candidate, who had encouraged his followers to control the voting process, which according to experts is threatening incidents of violence, is the most widely commented moment of the third debate. Its observers from CNN and MSNBC made the opinion that it buried Trump’s chances of winning. Fox News well-known conservative columnist Charles Krauthammer called Trump’s statement “a terrible mistake, and political suicide”.
Let’s now take a look at the USD/MXN technical picture at the H4 time frame after the presidential debate is done. The Mexican Peso is probably the highest correlated currency to the US Presidential Elections.
We can see a sudden drop during overnight’s Asian trading session, which is the key indicator, that the financial markets do not not appreciate Trump’s rhetorics. The next support is seen at the level of 18.254 and the next resistance is seen at the level of 19.091. Mind the gap please.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Global macro overview for 20/10/2016:
In the last televised debate with Hillary Clinton on Wednesday night in Las Vegas Donald Trump did not change his provocative attitude and did not cancel controversial opinions, which caused a storm of criticism and resulted in the loss of support of some voters as the preliminary polls show Clinton to lead in this debate. The Republican candidate once again refused a declaration that he considers any outcome of the election, questioned the findings interview that Russia had broken into American computer systems and denied that sexually assaulted women. Though his objections were supported by recordings of conversations Trump boasted that he did so with impunity through his fame celebrity. Moreover, the Republican Party candidate, who had encouraged his followers to control the voting process, which according to experts is threatening incidents of violence, is the most widely commented moment of the third debate. Its observers from CNN and MSNBC made the opinion that it buried Trump’s chances of winning. Fox News well-known conservative columnist Charles Krauthammer called Trump’s statement “a terrible mistake, and political suicide”.
Let’s now take a look at the USD/MXN technical picture at the H4 time frame after the presidential debate is done. The Mexican Peso is probably the highest correlated currency to the US Presidential Elections.
We can see a sudden drop during overnight’s Asian trading session, which is the key indicator, that the financial markets do not not appreciate Trump’s rhetorics. The next support is seen at the level of 18.254 and the next resistance is seen at the level of 19.091. Mind the gap please.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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