EUR/USD (current price: 1.1278)
German Industrial Production came in at -1.8% for the month of October, signaling further weakness in the sector. The French and German Trade Balances both missed expectation with numbers of 21.3 billion and -4.8 billion. The pair was pushed lower by election expectations once again yesterday, before surging higher this morning. The final polls showed the lead of Hillary Clinton, the preferred candidate of most investors. The results so far pushed the pair above 1.1250, as Mr. Trump significantly outperformed the polls.
Our assessment: The pair is very volatile this morning, as the close election results keep on coming in. Volatility might decline later on this week.
