Global stocks were elevated to record highs after Centrist Emmanuel Macron secured a position in the second round of the French presidential elections. The heightened speculations of Macron becoming the next French president has reduced Frexit related concerns and boosted risk sentiment. With risk on now the name of the game, safe haven assets such as the Japanese Yen and Gold found were pressured. Although the economic calendar is fairly light today, much attention will be directed towards Trump’s speech on Wednesday, the ECB meeting on Thursday and the ongoing Brexit developments.
• The #EURUSD may test the 1.0900 resistance level • #GBPUSD continues to hover around 1.2800 • #Gold bulls must maintain control above $1260
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
Global stocks were elevated to record highs after Centrist Emmanuel Macron secured a position in the second round of the French presidential elections. The heightened speculations of Macron becoming the next French president has reduced Frexit related concerns and boosted risk sentiment. With risk on now the name of the game, safe haven assets such as the Japanese Yen and Gold found were pressured. Although the economic calendar is fairly light today, much attention will be directed towards Trump’s speech on Wednesday, the ECB meeting on Thursday and the ongoing Brexit developments.
• The #EURUSD may test the 1.0900 resistance level
• #GBPUSD continues to hover around 1.2800
• #Gold bulls must maintain control above $1260
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
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