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Stocks in French Election

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pereacatalina46
29
pereacatalina46  
There have been a lot of events happened during and after the first round of French election, one of these is what happened with US stocks, according to the US  Stocks News, it became lower. What will be the next event after this one? If there are things to happen in the future what will be the step of a trader?
Sergey Golubev
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Sergey Golubev  

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Press review

Sergey Golubev, 2017.05.06 13:35

Weekly Fundamental Forecast for CAC 40 (based on the article)


CAC 40 - "The election. Will we see a Macron victory as expected or a surprise win by Le Pen? In the likely event we see Macron become the next president of France, a gap higher in the CAC is a reasonable expectation – but will it hold if it does? The CAC finished last week with a sharp rally, rising to its best levels since January 2008. The 7%+ run since the Friday before the first-round election is setting the market up for a ‘sell-the-news’ gap on a Macron victory. If the market gaps up and then fills the void it doesn’t necessarily mean the overall run higher will have come to an end, but a short-term retracement could be in order following a ‘euphoric’ rise. If Le Pen wins? The CAC will likely have the hurts put on it as market participants haven’t priced in such an outcome. The sell-off would likely be quite violent."


penny128
20
penny128  
franec is a good market
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