Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 23 April 2017 at 19:05 GMT
Managing Partner / Spotlight Group
United Kingdom
So if it is to be Macron and Le Pen that contest the second round no doubt the established parties and the fringe left will throw their support behind Macron. This will be a policy of "Anyone but Le Pen".

Now this may well give a short-term boost to French assets such as the CAC 40 (depending on the general equity risk on mood) and the French Government debt.

Be ready to trade the ranges.

I have said before that Emmanuel Macron is not the answer to what France needs. If he becomes President I am sure that over the next few years we will see his policies of something for everyone and more and more Europe will lead France to endure bloated budget deficits and limited labour market reform.

Young members of Le Republicans should start building a base for 2022...because by then France is going to desperately need a pro market solution.
vanita vanita
Dear Steve,
After France first round election how you see eurusd trade.
It's should be buy or sell at this levels.
Take care.
Stephen Pope Stephen Pope
Hi there,
Clearly the days trading began in favour of Euro and the technical aspect is Euro positive until one month from here.

Of course in two weeks time there is R2 in France. It looks impossible for Marine Le Pen but if she did win the Euro would fall like a stone.

For now resistance at 1.0883 and then 1.0981.

I am a short-term Euro bull but ready to day trade it or just job back and forth.

Overall I am not positive on Euro.
vanita vanita
Thanks steve.☺


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