It is observed that the US Mid Term Election would bring lots of volatility to the financial markets.
Generally, I would not see a massive correction taking place after US mid term elections for we are in a Capricorn effect leading into year end where history suggest between months of October to January is positive for equities and financial markets.
Currently it is observed that the financial markets has priced in a democrats win on the house of representative with USD strengthening, and the eve of US mid term election where global financial markets see a mixture of geographic location stock exchanges register positive and negative performance.
BBC polls on US mid term elections suggest that democrats are poised to win on the house of representative. Coincidentally that performance of USD is strengthening as a result and is pegged to a democrats win and vice versa of USD performance is pegged to a Republican win.
Gold would see a repeat of US presidential election in Nov 2016, a big move should USD is weakening with a Republican win.
https://www.bbc.com/news/world-us-canada-44314914
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