Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.

The Officials: Trump Trades Triumph!

2 min read

6 November 2024: 09:30 GMT

TRUMP IS IN! He’s claimed victory ahead of the boring suits that could not bring themselves to stating it when it was already obvious. Wisconsin’s result confirmed the win, pushing him over the fabled 270 electoral votes. And the Republicans look set for the hattrick: Trump as president, a majority in the Senate and a likely majority in the House of Representatives too. A hole in one for the golf-loving returning president. International leaders have joined the customary chorus of congratulations. Modi’s heartiest congratulations, Starmer calls it historic, NATO leadership… they’re all at it. Israel’s Netanyahu seemed particularly gleeful, announcing Trump’s win a “huge victory!” But is there trouble in paradise? Last night, Netanyahu fired Defence Minister Yoav Gallant, a stubborn thorn in the Prime Minister’s side. Iran, meanwhile, doesn’t seem to think the election will change much for them. Wishful thinking or calling his bluff? We saw aggressive sanctions against Iran in Trump’s first term, which could well return. And don’t forget the biggest open festering wound of all, the Ukrainian war. We hope things cool down a bit! Young men and civilians will thank Trump for sure, maybe even worship him!

In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.