Daily Update - 9th May 2017
Yesterday’s Market Yesterday’s explained Euro pulled back from daily highs after Emmanuel Macron's victory in France's presidential election, as traders booked profits and avoided making big bets on euro. Macron's overwhelming win on Sunday briefly pushed the euro sharply higher against the greenback, the highest since the U.S. presidential election in November. Sterling dipped against the dollar on Monday as investor’s attention turned to Bank of England meeting and a domestic election campaign after the French election results calmed fears that the country would follow Britain out of the European Union. The pound has gained more than 3 percent against the dollar since Prime Minister Theresa May three weeks ago called a surprise early national vote for June 8th, reflecting hopes among investors it will give her a stronger hand to compromise in Brexit talks Today’s Market Today’s Focus The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. Followed by reports from Import & Export status of Germany Economy.
