Morning Update – 09/11/2016 – by Arjun Lakhanpal

Morning all.. Well quite a night and similar to the Brexit night as it seems Trump has won the election and the Republicans may hold both the House and Senate! As details emerged the dollar was sold aggressively but since the picture became clearer it seems both US yields and the Dollar have taken the view that Trump spending policies may be supportive for the dollar.. Its a wild market and liquidity is poor so wild swings still likely. CNN estimates Trump has won a confirmed 247 electoral college seats with 270 needed for a win.  Seen as likely he will win Wisconsin and Pennsylvania given the current count, which would put him over the win threshold.  He is due to speak shortly. US yields dropped with the 10yr down at 1.72% but have bounced back strongly which is taking the dollar back up but stocks are lower.. Dow futures are down 525 points and the Nikkei is down 900 points or 5.4%.. Big moves for sure and it will be interesting to see what Europe does..DAX futures are down 4%.. USDMXN a huge mover trading up to 20.78 at one stage before retreating. A lot to consider today and may push data to insignificance but we do have UK Trade balance due.. Good luck..