Markets remain highly volatile on Monday, the last day before US election, as dollar regained strength on Monday, after the FBI cleared Democrat candidate Clinton of any irregularity during the period when she was secretary of the state and used private server on her email correspondence. The news that was released on Sunday, triggered fresh strength of the dollar, as investors’ risk appetite rose again. After being in defensive during the past week, the greenback and stocks shined again on Monday.

The US dollar remained tall against the majors in early hours of US trading, with dollar index holding steady with 0.44% gains since Monday’s gap-higher opening.
Sterling and Euro remained at the back foot. The Euro extended weakness and posted fresh session low, while Sterling is holding near daily low, following another limited recovery attempts that were capped at 1.2470 zone for Euro and 1.2435 for British pound.

Dollar/yen is holding stable above 104.00 handle, after peaking at 104.61 earlier today, after gaining nearly 1% on Monday’s opening.

Gold is holding negative tone on Monday and posts new session low, after falling nearly 1% on Monday’s opening. The yellow metal came under strong pressure on Monday, as markets entered fresh phase of stronger demand for riskier assets after relief from Sunday’s FBI report that cleared Hillary Clinton.

Crude oil was slightly higher on Monday on improved risk-appetite but remain within sight of fresh multi-month lows. US crude oil reached levels close to key short-term supports at $43.05, on fears that oil producers might not be able to make previously agreed production cut plan operational.
WTI oil traded last at $44.50 zone, after bounce from fresh low at $43.56 was so far capped under $45.00 barrier.

Wall Street continued positive sentiment from Europe and jumped at the open on Monday after the FBI said it would not press criminal charges against U.S. presidential candidate Hillary Clinton relating to her email practices, brightening her prospects a day before the election.

The latest polls showed Democratic presidential candidate Hillary Clinton holding a 4-point lead over Republican candidate Donald Trump.
The Dow Jones was 1.16% higher on opening on Monday; S&P500 was also up 1.16%, while Nasdaq jumped 1.65% after Monday’s opening bell., Market Analysis