Trump's Advisor: We can do without a wall on the border with Mexico

Foreign policy adviser of the future US President Donald Trump has called into question the embodiment of one of Trump's key and symbolic promises for wall on the border with Mexico and said that it is less expencive to build a fence.
"I do not think we need to break swords about the differences between a wall and a fence," - said on Friday James Woolsey, who headed the CIA in the presidency of Bill Clinton, the husband of the recent Trump rival in the election.
"It may even be cheaper. And then, even though the fence, but it's a good fence I do not see any problems", - Said Woolsey in an interview with the Wall Street Journal and CBS television.
The world and the markets were shocked by the unexpected victory of the candidate, whose campaign has been surrounded by scandals and insults and was based on promises not only to reduce taxes, but also to prosecute illegal immigrants, which in the United States consist mostly of Mexicans. The peso fell to a record low on news of Trump won, as investors worried about the implemention of Trump's protectionist promises, full with problems for the Mexican economy.
Billionaire castigated Mexican immigrants, and even during his trip to Mexico and meeting with its president, promised to build a wall on the 3,200-kilometer border and make Mexico to pay for the project itself.
But after a personal contact on Thursday with outgoing President Barack Obama in the White House, Trump changed his tone. He expressed willingness to maintain some of the provisions of health insurance reform, which earlier promised to abolish, and his advisers are sending reassuring signals to allies abroad, worried by the election rhetoric of the Republican candidate.

Trump's victory stimulated the growth of Bitcoin

On Wednesday, the rate of e-currency bitcoin grows after the Republican Donald Trump won in the US presidential election.
Cost of the bitcoin jumped during the trading session by 4,1% - up to $733.61, according to data provider on the market cryptocurrency CoinMarketCap.com.
The bulk of bitcoins on Wednesday was bought for US dollars - it shows that the growth of the cryptocurrency was provoked by US investors, writes MarketWatch.
In the meantime, an inspection of the American tax services (Internal Revenue Service, IRS), made by the auditors of the US Treasury, has shown that the IRS is not doing enough to track the use of virtual currency.
The auditor's report notes the lack of coordination between the different departments of IRS in terms of control on circulation of the cryptocurrency, including bitcoin.
As in the case with the cash, the anonymity of transactions with virtual currencies can help people who are trying to get away from paying taxes, the report said.
At the moment, the most popular in the world cryptocurrency is bitcoin - the value of all bitcoins in circulation worldwide is estimated at $11.3 billion, shows the data from CoinDesk.

The new US President - Donald Trump!

The election campaign in the United States once again turned by 180 degrees, as director of the FBI Comey promised not to initiate criminal proceedings against Clinton. Polls claimed that her rating has risen sharply and the dollar jumped after falling at the end of the last week.
Survey results were wrong - we now know that they can not be trusted - it refers primarily to the European elections next year and the referendum in Italy in December.
Policy - is one big unknown. Nominally, as result of election, Trump controls both houses of the parliament, which means that he can implement large-scale political initiatives. However, given the fact that some members of his own party opposed his candidacy, he may have difficulty in complying with these plans - except, perhaps, replacing Obamacare with something else; Yellen's days at the Fed also are numbered (her mandate will end January 31, 2018), it is also likely to be implemented infrastructure investment and tax reform - the latter is most favorable for the US economy in the short term.
The first reaction of the market and further movement:
Safe assets have risen sharply in value against the USD, in particular this applies to JPY. Emerging-market and risk currencies, especialy MXN, collapsed. Given that such a reaction was expected, now that the results are already known, these movements quickly recoup in the opposite direction.
It's amazing how fast prices corrected after the first reaction. We can say that the uncertainty for some time reached a peak, and now we can return to a long-term long positions on the dollar and yen, and shorts in the euro.

The chances for Fed rates hike rise after the labor market and wages

The pace of hiring of workers in the United States in October remained strong, pushing wage growth and increasing the likelihood of Fed rate increase at its meeting in December.
The number of jobs outside agriculture rose by 161.000 due to demand in the construction industry, health, professional and business services industries, announced on Friday the Ministry of Labour.
Earnings in yearly base in the past month rose by an average of 2.8 percent, which was the most significant rise in seven and a half years.
On Wednesday, at the last meeting before the presidential election, the Fed left rates unchanged, as markets had expected, but made it clear that they can raise them in December, as the economy is gaining momentum, and inflation accelerated.
Last week, the statistics pointed to the acceleration of GDP growth in the third quarter. Since 2010, the business has created 15.5 million new jobs, nearly half of them - highly paid.