French Election Volatility Expected to Impact Indices, Less So FX

[kreslik.news]

Brokers are activating measures to curtail market exposure for themselves and for their clients in the run-up to the French presidential election. The event risks have materially declined in recent days as Macron has picked up in the polls. The far right’s candidate, Marine Le Pen, is now trailing behind him in the first round of the polls, but runoffs are resoundingly against a Le Pen presidency.

The biggest risks for the euro are stemming from the rise of far left candidate Jean Luc Melanchon, who is the second eurosceptic running in the election. With the candidates all too tight, there is ... (read more)