The result of the first round of voting in the French Presidential election has had a big impact on markets with the risk positive Emmanuel Macron emerging as the clear front runner. This continues a period where politics are extremely important in trading and financial markets. We look at the impact that Macron’s performance has…
Read morePosted by Naeem Aslam | 24/04/2017 08:53 *Le Pen and Macron facing each other in round two on the 7th of May. *CAC and Euro pop while Bond yields drop but not for long. *ECB Needs to play it’s A-game. *Fed would pay close attention to elections in France. We have the most…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A huge gap higher has completely changed the outlook once more for the DAX. However with volatility so elevated this is a market that will be difficult to call on a near term basis. Technicals have been blown out of the water this morning…
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Market Overview Financial markets gave a huge sigh of relief after Emmanuel Macron emerged as the clear front runner in the first round of voting for the French Presidential Election. With Macron securing 23.7% (versus Marine Le Pen’s 21.7%), traders have a risk positive outcome and market sentiment is subsequently strong. Although Le Pen has…
Read morePosted by Naeem Aslam | 21/04/2017 12:13 *Markets are not anticipating any surprise and an unexpected outcome produce some serious bruises. *If Le Pen wins the first round, the euro/dollar pair could move towards 1.05. As is often the case, the biggest moves usually take place after the market gets a surprise. If you…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A choppy session closed higher yesterday but does little to change the outlook which remains corrective. A near three week downtrend remains intact and the market is still stuck with the resistance band 12,070/12,130. The outlook is likely to be driven to an extent…
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Market Overview Trading sentiment is increasingly cautious in front of Sunday’s first round of voting for the French Presidential election that is too close to call. Key forex and equity markets are consolidating, with the euro steady, DAX and CAC trading only marginally lower and gold also very much in wait and see mode. An…
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Posted by Matt Simpson | 21/04/2017 07:01 Monday could start of with a bang as the results from the first round of French elections are released around Asia open. USD: New home sales continue to track consumer confidence higher. There are concerns that confidence is already reaching extreme levels, whilst the credit cycle sends warning signals…
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Posted by Matt Simpson | 21/04/2017 03:49 Carry trades may be approaching oversold levels and S&P500 appears set to break to new highs, whilst the spread between 3-1 month VIX points towards a broad recovery in risk-on. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles…
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Sentiment has shifted in the Euro's favour in recent sessions, despite potential for Euro crosses to experience higher volatility as the French election looms. One of the key components that helped send EURJPY lower – geopolitical tensions – appears to be on the backburner for now. We are approaching the French, UK and German elections…
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