Last week, French politics took the spotlight with a vote of no confidence resulting in the current Government being dissolved. Upon PM Barniner’s exit, there has been much positive movement with President Macron committing to installing a PM that will get the next budget passed with the backing of Marine Le Pen’s party.
From my perspective I no longer see France and Germany as a risk and can now see the Euro rebounding from the lows we have seen over the last couple of weeks- this is good news for EURUSD buyers.
This week is pretty busy from a data perspective with quite a few releases which should move the market, we have around 2 more weeks before liquidity becomes really thin so if you are working on a trade before Christmas, the next 2 weeks will be where you want to be executing.
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