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First of all what you are about to read is not necessarily the view of this analyst and certainly not advice either. So, here you go. Just listening to a couple of leading analysts attempting to dissect the market reaction in the EUR/USD to the outcome of the US election, those guys are targeting the following- A Trump win and the EUR/USD falls immediately below 1.05 and towards parity. A Harris win and the EUR/USD jumps above 1.10 and towards and beyond the current 2024 high at 1.1214. Look, it may not be that simple of course and when looking at the implied volatility across the short-term options markets, it is extremely elevated, given the lack of volatility in the underlying instrument- the EUR/USD. That tells me two things. First, the markets have no idea what is coming ands second, if they do think they know, they are not giving away any value to punters. Asking a former colleague about this, the feedback was simple- we simply do not want the risk. The EUR/USD is currently trading at 1.0891
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