Not only the US but also the whole world has been shaken by the US presidential elections results as Donald Trump unexpectedly won the elections causing a roller-coaster effect in the financial markets. Traders are now wondering what to expect from Forex brokers after the elections? AtoZ Forex has reached out to Xtrade, inquiring on Xtrade Post-US election outlook and status.
16 November, AtoZForex – Now, the outcome of the US elections is no longer a surprise for the markets, it is time to analyze the situation and start accepting the future with Donald Trump administration. However, global financial markets is yet to digest this reality providing major volatility accordingly. AtoZForex team have been meeting and interviewing Forex brokers globally to get their view on the market in the wake of the Republican victory.
Starting with XTrade, AtoZ Forex Industry News Manager, Kristina has spoken with Paul Sirani, the Chief Market Analyst at Xtrade. Below, we present to you the key highlights of Xtrade Post-US election market outlook.
Kristina Frunze: First off, I would like to know if Xtrade has brought the margin requirements back to the pre-election levels?
Paul Sirani: “No, changes are still in effect. Existing margins are now as they were before the election.”
Kristina Frunze: What were the most traded instruments for Xtrade after the US Presidential election?
Paul Sirani: “At Xtrade, we saw a surge of interest in FX Dollar pairs, Gold and Oil.”
Kristina Frunze: What does Xtrade’s research team expect for the USD until the 20th of January?
Paul Sirani: “Responding to expectations of a December FOMC rate rise and an incoming administration both more business-friendly and fiscally expansionist the dollar should continue its strengthening or maintain established ranges.”
Kristina Frunze: What recommendations can Xtrade give to traders trading this week?
Paul Sirani: “FOMC considerations and post-election bounce should prompt dollar strengthening and risk taking. Oil faces renewed over-supply issues.”
Kristina Frunze: Do you have any special promotion for traders?
Paul Sirani: “Yes, in anticipation of the Thursday US monthly CPI, jobless and other statistics release and their market-moving potential, we are offering traders a $50 cash bonus.*”
*Bonus is subject to terms and conditions.
Do you have questions for Paul Sirani related to Xtrade or the market post the US elections? Let us know in the comments section below.