It's hot in the US, it's still unknown who's president

There are still no final results for the US presidential election. According to analysts, the scales of victory slightly tilt to the side of Donald Trump, who in his habit does not wait for official results and has already announced "Big win!" High volatility and uncertainty in the markets.

The presidential election in the US was held on Tuesday night. So already on Tuesday the volatility of the market started much higher than in the previous days Forex market and stock indices. The polls gave Joe Biden a little better chance - the opponent of the incumbent president. But it was similar during the previous elections, won by Donald Trump. Experts admit that now it can be the same, although the electoral votes for hours 8:20 our time they give Joe Biden an edge by 220: 213. You need 270 electoral votes to win.

On Tuesday, stock indices and index futures were rising practically throughout the day. Both on the stock exchange in the USA and in Europe. The dollar also weakened against virtually every currency. During the night, the situation turned, the indices started to turn back and now S & P 500 is already at the loss. The dollar, which started to gain, but the reversal of this short-term trend is also not clearly visible yet.

US500 Chart (CFD on S&P 500), D1 interval. Source: xNUMX XTB.

Who will become the president of the USA? Trump already knows

Donald Trump did not wait for the announcement of the official results. At. 8:21 of our time, he made a speech in which he thanked the millions of Americans who voted for him for their support, his closest associates and the US First Lady Melania Trump.

“We won in Florida with a great advantage, we won in Texas by 700. votes, we won in Ohio, Georgia, Michigan, Wisconsin. Most importantly: we win in Pennsylvania with a lead of 690 thousand. votes! It's not a small difference, it's not close. They won't catch up with us. They will never catch up with us! " - the incumbent US president was excited.

“No one has ever seen such a victory, but our rivals knew that they could not win and said: we are going to court. I am embarrassed by this fraud attempt. We won this election and they kept it. " - he added.

Donald Trump stressed that he would refer the case to the US Supreme Court to clarify the matter.

“- I don't want to suddenly find some voices out of nowhere at 4 am and change the results. We have already won " - emphasized Donald Trump, who noted that over 60 million Americans voted for him.

The president was frustrated by the disruption of the vote count in Georgia, a state of great importance to the results. The two largest districts from this state stopped counting and informed that they would not present the results today. At Gwinnett they had been informed of technical problems, and at Fulton, it was impossible to count ... a broken pipe. A victory in Georgia may be an important language for Trump's victory.

Confusion with vote counting strengthens the dollar

Problems with giving final results and the announced legal battle paradoxically strengthen the US dollar. It grows at 8:35 on Wednesday 04.11.2020/0,81/0,84 both against the euro (+ 1,07%), the British pound (+ 500%) and the Australian dollar (+ XNUMX%). However, futures on the US stock indices are reacting calmly. Before the session, the S&P XNUMX index was even a few percent higher than yesterday's close, but mainly thanks to initial gains. From the morning before the session, the valuation of shares starts to decline.

We can be sure of one thing: in the coming days we will face a lot of volatility on the stock market and Forex and opportunities for big profit (or loss ...).