Post election thoughts.
Whether you are a fan of the election outcome or not, the good news is that's it's been decided quickly, which gives the green light to trade again. The market appears to like the outcome, stocks are up, the VIX is down to 15. And the JPY and CHF in particular appear to be excellent short opportunities.
The main beneficiary so far has been the USD, rising in correlation with US yields. It appears USD long trades have a clear run, at least until (the delayed) FOMC meeting on thursday. And even though the market is 'risk on', whilst USD CHN is rapidly rising, the AUD or NZD are potentially shortable Vs the USD.
I'm currently eyeing up a USD long trade, it's just a case of when when and against what. I would suggest it's traders choice in the moment. Whichever of the other currencies is weakest against each other. And whether to wait for a 1hr swing or to place a stop loss behind a shorter timeframe swing as a 'catalyst' trade.
Personally, I'm going to wait for the US open. But if anyone is already in a trade. I would suggest it was a good idea.