Clinton FBI News Shocks Equity & Currency Markets; Big Gaps on Euro, Pound and Yen on Sunday Night

Currency markets and equities were rocked on Sunday night on news that the FBI will not be recommending charges against Hillary Clinton after reviewing newly discovered emails. The Dow Jones Industrial Average shot up about 200 points in pre-market trading, while the EUR/USD opened down about 80 pips (-0.71 percent).

At press time, the EUR/USD has recovered about 50 pips. The GBP/USD pair opened with a 65-pip gap (-0.51 percent), while the biggest gap recorded was on the USD/JPY, which opened higher by about 93 pips (+0.95 percent). Since the open, the USD/JPY managed to rally another 50 pips, for a total of 143 pips in the last 3 hours.

The USD/CAD opened about 50 pips lower (-0.42 percent), however, most of the gap has now been closed, with the pair currently hovering around 1.3384 - 17 pips below Sunday’s close of 1.34016.