The French Election Is Going To Trigger The Next Major Move
Updated
The upcomming french election is goint to trigger the next major move at least for all European Stockmarkets.
Technical Analysis can not predict in wich direction this move will go.
Yesterdays Charts can´t what will happen on Monday April 24th 2017 or on Monday 05/08/ 2017. The result of the France Election will be to powerfull and is going to trigger the next major move for global stockmarkets. Whoever is able to predict the result of the France Election will beat the markets.
Technical Analysis can not predict in wich direction this move will go.
Yesterdays Charts can´t what will happen on Monday April 24th 2017 or on Monday 05/08/ 2017. The result of the France Election will be to powerfull and is going to trigger the next major move for global stockmarkets. Whoever is able to predict the result of the France Election will beat the markets.
Note
Basics - Opinion polling for the French presidential election, 2017This page lists public opinion polls in connection with the 2017 French presidential election, which will be held on 23 April 2017, with a run-off on 7 May 2017 if no candidate secures an absolute majority of the vote in the first round.
Source: en.wikipedia.org/wiki/Opinion_polling_for_the_French_presidential_election,_2017
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APR 12 2017 - Polls, latest:25% LePen
24% Macron
19% Fillon
18,5% Melenchon
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APR 12 - New Polls showing Melenchon to fall behind24 % LePen
23 % Macron
20 % Fillon
18 % Melenchon
But same time the Spread Italien Government Bonds to German Bunds is sky rocking:
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APR 13 2017 - it's now on the news: Hard left, hard right, or center? French economy may decideQuote: By Jeremy Gaunt
LONDON (Reuters) - If Donald Trump's election in the United States and Britain's decision to quit the European Union stirred the global economic waters, then there is the potential for a tsunami on the near horizon. The coming week is the last before the first round of France's presidential election on April 23. It has already been a barrel of surprises -- an incumbent not running, the far right in ascendance, an independent seen as likely winner, a scandal hampering the early favorite.
But the latest twist -- one with arguably the most potential global economic impact -- could conceivably see a far-left candidate, one-time communist Jean-Luc Mélenchon, make it through to the May 7 run-off against a far-right nationalist, Marine Le Pen.
The potential economic shock stems from the fact that both are against the euro and the European Union, threatening the stability and even existence of both. The word Frexit -- the Gallic version of Brexit -- has been doing the rounds. Source: investing.com/news/economic-indicators/hard-left,-hard-right,-or-center -french-economy-may-decide-474171
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APR 13 2017 Poll: Macron taking the Lead, LePen drops to the lowest level since 18 month.23,5% Macron
22,5% LePen
20,0% Fillon
18,5% Melenchon
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APR 14 2017: Marine LePen losing more voters23% Macron
22% LePen
20% Fillon
20% Melechon
The French elction now is unpredictable.
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APR 14 2017: French presidential race tightens further as vote loomsSource: reuters.com/article/us-france-election-idUSKBN17G0Q2
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APR 19 2017: Macron clings on to lead in tense French election raceCentrist Emmanuel Macron held on to his lead as favorite to win France's presidential election, a closely-watched poll showed on Wednesday, although it showed that the first round of voting at the weekend Sunday remains too close to call. Source: investing.com/news/world-news/macron,-le-pen-cling-on-to-first-round-lead-in-french-election-race:-le-monde-cevipof-poll-475261
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APR 20 2017: It´s now headline on bloomberg.comFrench Election Shocker: Pollsters Baffled by Four-Way Race
Sorce: bloomberg.com/politics/articles/2017-04-19/french-election-shocker-pollsters-baffled-by-four-way-contest
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APR 20 2017 -Mind the risk:cnbc.com/2017/04/20/publicis-ceo-maurice-levy-gives-his-nightmare-scenario-for-the-french-elections.html
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APR 24 2017: Wall Street surges, Nasdaq hits record on French vote resultinvesting.com/news/stock-market-news/futures-rally-as-french-worries-ease
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APR 26 2017 - Le Pen not an option as French far-left polls members on election round twoinvesting.com/news/world-news/le-pen-not-an-option-as-french-far-left-polls-members-on-election-round-two-477426
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Le Pen, Macron spar as French presidential race narrows slightlyinvesting.com/news/world-news/macron-campaign-for-french-presidency-off-to-slower-start-than-le-pen:-poll-477875
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NASDAQ closes at record high ahead of major techs earnings.cnbc.com/2017/04/27/us-markets.html
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Defeated first-round candidate Dupont-Aignan endorses Le Pen for French presidentreuters.com/article/us-france-election-aignan-idUSKBN17U2OR?il=0
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Le Pen Has Potential Prime Minister, No Rush on Euro Exitbloomberg.com/news/articles/2017-04-29/le-pen-has-potential-prime-minister-no-rush-on-euro-exit
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Polls suggest parliamentary majority within reach for France's Macronreuters.com/article/us-france-election-idUSKCN18E07E
Trade closed: stop reached
All long trades on European Stockmarkets Indices closed.Bias short term likely to be on the downside.
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