On the CCY Front-Line Market Action & Insight POST NFP

Comparing the Best & Worst Performers

Within a few days to the US elections, the Jobs figure and Employment reports would be an ace favorable for the Democratic party along with the expectation of the Federal reserve rate hike in December.

However, the USD shrugged off positive results by continuing to an equivalent of 1.35% decline that ended with the US-DXY @96.90 levels at the end of the US session. This move was considered to be politically motivated from the FBI previous comments on Hillary Clinton that out-weighed the positive reports early on.

MegaTrade101 take across the board
Market Action & Insight 

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Mohamed El-Erian of Allianz - HITS IT ON THE NAIL!

Sharing the same outlook with Mohamed El-Erian of Allianz who describes the #SP500 decline right at the heart of its market movement. Three outstanding words resonate that best defines the market are #CORRELATION, #CAPITULATION, #CENTRAL_BANK activism in the global financial markets.

Four (4) things to know about the longest market selloff since 1980