Asia On Green After Democrat Victory in the United States

Asian stock markets are trading with rises brought about by the Republican Democrats' victory in the US mid-term elections. Positive moods prevailed as traders began accumulating a possible cessation of the trade war, which exerted little weight on Asian shares. Meanwhile, oil continues to decline due to higher oil reserves in the United States and the Democrats' victory that could ease sanctions against Iran.

Here are the main moves during the Asian Stock Market:

At the FX market, the appetite returned with full force, with the largest growth seen in the NZD. The reason for this was the record of unemployment in New Zealand: 3.9% vs. 4.4% expected. AUD also registered strong growth driven by the rise in stock indices in China. The progress of the Brexit talks led to a GBP growth. Given the US election results, the USD remained the most losing currency.

Here are the main FX movements during the Asian session:

With the exception of the mid-term elections in the US, during the Asian session, there were no major economic news to influence the start of European stock markets.

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