The market is Focus on French Presidential Election….
This article is originally referred from FXPrimus News.
Today’s Important Indicators
Traders are now are now anxious with regards to the French Elections.
The battle for the presidency has transformed from a tight race among three primary candidates to a four-way contest between the centrist Emmanuel Macron, far-right Marine Le Pen, and conservative Francois Fillon including Jean-Luc Melanchon.
Find out more about how the French Elections will affect your trading strategy here.
Today’s Forecast for Important Trading Indicators
|Time in GMT||Country||Indicator||Expected||Previous|
|15:30||US||Crude Oil Inventories||-1.0 M||-2.2 M|
- Yesterday GBP/USD has jumped, gaining close to 400 pip. In North American trade, GBP/USD reached as high as 1.2900. The pound has climbed after Prime Minister Theresa May surprised the markets by calling an election for June 8. May is clearly anxious that her thin majority in Parliament would weaken her hand in complicated negotiations on the British exit from the European Union.
- EURUSD also soared in yesterday’s trading, while Gold traded in a range of 12 USD closing at 1286 USD per ounce.
Original Source: FXPrimus News