US dollar and US bond yields surges higher in the aftermath of Trump's victory

The US dollar and US bond yields has been surging higher in the aftermath of Donald Trump winning the US presidential election.

The US 30 year bond yield rose  3.04%, the highest since January while while the 10 year yield is above 2%. USDJPY is trading at 107.80 at the time of writing. The dollar index is at 99.72  shy of 100 resistance level.

In early Asian session, reports from Japan showed that Japan GDP rose 0.5% qoq in Q3 Vs 0.2% expected. Japan GDP grew faster than expected at 2.2% year-on-year Vs 0.9% expected. In China, Industrial Production rose 6.1% Vs 6.2% expected. China retail sales rose 10,0%, below expectation of 10.7%.

Trump's victory is widely regarded as stunning and so are the markets. Many analysts are of the view that FED would hike rates in December.


Tuesday key events (GMT + 1)

• 1.30 RBA minutes
• 8.00 German Preliminary GDP q/q; Forecast 0.3%
• 8.45 French Final CPI m/m; Forecast 0.0%
• 10.00 Italian Preliminary GDP q/q; Forecast 0.2%
• 10.30 UK CPI y/y; Forecast 1.1%
• UK core CPI y/y; Forecast 1.4%
• 11.00 Eurozone Flash GDP q/q; Forecast 0.3%
• German Zew Economic Sentiment; Forecast 7.9%
• Eurozone Economic Sentiment; Forecast 14.3%
• UK inflation report hearing
• 2.30 US Core Retail sales m/m; Forecast 0.5%
• US Retail sales m/m; Forecast 0.6%
• US Empire State Manufacturing Index; Forecast -1.5%
• US Import Prices; Forecast 0.4%