Christine
05-04-2012, 04:51 PM
EUR/USD as follows the stock market to a fresh low. USD/JPY and the commodity bloc is still holding up.
http://www.forexlive.com/wp-content/uploads/2012/05/slip-n-slide.png (http://www.forexlive.com/wp-content/uploads/2012/05/slip-n-slide.png)
The late-day euro trade will be all about the election. I don’t think the market is going to be too worried about a Hollande win unless he makes some bold anti-euro statements in his victory speech. The bigger risk is a Sarkozy upset, which might create a 100+ pip rally in EUR/USD.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=qzifxA5RSjM:_MpshMgaWGE:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:qj6IDK7rITs)
http://www.forexlive.com/wp-content/uploads/2012/05/slip-n-slide.png (http://www.forexlive.com/wp-content/uploads/2012/05/slip-n-slide.png)
The late-day euro trade will be all about the election. I don’t think the market is going to be too worried about a Hollande win unless he makes some bold anti-euro statements in his victory speech. The bigger risk is a Sarkozy upset, which might create a 100+ pip rally in EUR/USD.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=qzifxA5RSjM:_MpshMgaWGE:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=qzifxA5RSjM:_MpshMgaWGE:qj6IDK7rITs)