The
week ahead is expected to be exciting as the major event that will run the
markets is the US presidential elections. The first data from the elections
will be released (09:00 GMT) and inevitably will impact to the financial
markets not only in the US, but in Europe and Asia as well.
Theoretically and in general terms in case of Hillary Clinton win this would bring
more predictability in both foreign and domestic policy in the United States.
Clinton’s campaign was largely predicting
a continuation of Obama’s economic policy with some slight additions. This will
increase US dollar’s strength against the yen, Swiss franc and the euro.
Donald Trump's intentions in foreign policy and the economy so far are not very
clear. Therefore in case of win, that suggests that the US dollar will fall
against other major currencies.
Who will be the new US president is of great importance for the energy sector
in the US. Hillary Clinton’s victory would lead to shrinking of oil production,
since her vision is that we must give priority to renewable energy sources. Donald
Trump favors the traditional sources of energy and if he becomes president, the
expected oil production in the United States will be maintained or increased -
which will affect the price of the "black gold".
