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Trade Journal for the Week of 4/23/17 - French Elections
- Apr 23, 2017
- 1 min read
Emmanuel Macron and Marine Le Pen through to second the round in French politics. I suppose the doomsday scenario has been avoided as EUR/USD has jumped to 1.0909 and the JPY/USD is down to .0091. Risk-on trades, so I imagine the results of the election in France will not derail the current rally (although Brexit and the Trump election didn't have any lasting damage). If we get a tax reform proposal out of the Trump administration, strong corporate earnings results and avoid a government shut-down this coming week we could see the market propel to new highs. On FX.
We'll see how the European markets react to today's election results.
Would like to see financials improve this week.
Stocks we're watching.
Joseph S. Kalinowski, CFA
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