Day 499: The trump effect

Profit: $2.22 Total: $796.72

President-Elect Donald Trump gave a press conference at the Trump Tower today which markets responded with chaos. The equities markets were rattled by his comments, specifically the pharma companies, but the chaos crossed over to the Forex markets as well. The dollar sold off with the safe haven Yen getting bought heavily. Right now, things are too unsure of what the new President will do during his time and looks like the markets are skeptical.

I mostly scalped throughout the day and didn’t place any trades during Trump’s conference. A lot of the moves looked like panic selling but I wasn’t about to trade during sporadic movements. For now I’m looking to see how the dollar will close for the week and see if it’ll recover it’s losses.

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