🔹The French election resulted in a surprise with the left-wing New Popular Front gaining the most seats in the National Assembly.
🔸This has led to a hung parliament, creating potential governance challenges for Macron's party. French financial markets are slightly lower as traders await details on the new government.
🔹French borrowing costs are expected to rise due to proposed policies like lowering the pension age and increasing the minimum wage.
🔸The Euro remains stable, benefiting from US dollar weakness, the pair can drift to 1.087 and with further weakening of the Dollar and the 200 MA becoming a strong support, the price can rise to 1.091, 1.097 and 1.103.
🔹In a divergent approach, a stronger Dollar can push the price below the 200 MA (1.097) where the next targets would be the 0.61 (1.071) and 0.78 fib level (1.059) and the strong support at 1.053.
Zanzibar Trading
🔸This has led to a hung parliament, creating potential governance challenges for Macron's party. French financial markets are slightly lower as traders await details on the new government.
🔹French borrowing costs are expected to rise due to proposed policies like lowering the pension age and increasing the minimum wage.
🔸The Euro remains stable, benefiting from US dollar weakness, the pair can drift to 1.087 and with further weakening of the Dollar and the 200 MA becoming a strong support, the price can rise to 1.091, 1.097 and 1.103.
🔹In a divergent approach, a stronger Dollar can push the price below the 200 MA (1.097) where the next targets would be the 0.61 (1.071) and 0.78 fib level (1.059) and the strong support at 1.053.
Zanzibar Trading
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。