After French Election: the Markets seem calm today with only a few News Release awaiting

May 9, 2017

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After French Election: the Markets seem calm today with only a few News Release awaiting

This article is originally referred from FXPrimus News

Today’s Important Indicators

Yesterday EURUSD entered into a selling mode after the French elections aftermath, but many analysts see this as temporary.

Nevertheless, a big sigh of relief was heard in European capitals and throughout the markets after Macron was elected as president.

Today’s Forecast for Important Trading Indicators

 Time in GMT Country Indicator Expected Previous
 09:30 AUD Annual Budget Release  –  –
 12:30 pm CAD Building Permits 4.2%  -2.5%

Market Movers

  • USDJPY continued to climb yesterday during the Asian Session reaching as high as 113.36. Fundamentally, there is not much supporting a weaker yen, however USD strength is adding to the rally.
  • USDCAD rose two sessions high on the back of Macron’s election, again on USD strength, and Loonie weakened as OIL prices continued to fall.
  • Gold and Silver continued to fall, this morning Gold was trading at 1227 dollars an ounce.

USDJPY Technical Chart

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