Wall Street is ruining it for Obama

Obama was announced the 44 president of the United states. an estimated 2 million people where there with him in the freezing cold watching history in the making, however, the markets did not share the euphoria seen in capitol city.

Opening in wall street was shadowed by negative  sentiment in Asia, and growing concerns over the British banking system.

On this account the S&P  index fall by 2.74%  and the Dow by 1.6% on opening ball. Negativity in stock markets created some buying pressure over the Japanese Yen, as of the first half of the New-York trading session.

USDJPY which was playing it strong this morning has already moved down to test its important support level 90.

Hopefully, trading in wall street will end today in a more optimistic tone – otherwise we can expect safe heaven currencies (yen and dollar) to continue and gain against most major pairs into the Asian trading session.

Z.Georgi

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