53%, sakozy will be the new president of France
News Straddle concept to improve wins 2 replies
Nicholas Sarkozy could be the end of Forex 167 replies
most common reasons for wins or losses 17 replies
Is a great % of wins better than more pips ? 18 replies
trading for wins with the USD/JPN -fri what do you thing 6 replies
Dislikedviva Sarkozy!! viva France!!
so will the euro strengthen?!? or was this already priced in? i guess we shall see soon!Ignored
DislikedYayyyyyyy, let's all get cozy with Sarkozy =D
Hope he gets 'em out of their rut and brings on some good stuff for the eco as well as the banlieus....
Go Sarky, go!Ignored
DislikedSarkozy winning is good for the USA. Also good for the future of the European Union, which is EUR positive. What is obvious is that we should see a good movement in EUR/*** by the open of Frankfurt.Ignored
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Details:
"Even though Mr. Sarkozy is considered the business friendly candidate, his protectionist leanings and vocal criticism of the ECB could make an initial win by him Euro negative. He has accused the ECB of focusing too much on inflation and not enough on growth, to the detriment of France. Has also suggested that the ECB should work to lower the value of the euro, since the currency appreciated nearly 30% in the past 5 years, in order to increase competitiveness. However as the market realizes that his words have more bark than bite and that the ECB will not be succumb to pressure by politicians so easily, the focus will return to his generous tax breaks for both the private and corporate sector."
- Blames ECB for Lack of Growth, Wants to See them Weaken Euro
- Calls to Withdraw ECB Independence
- Protectionist Leanings
- Wants to Clamp down on Immigration
"For France, this election could bring about considerable changes in employment policy, taxes and EU relationships. However, the consequences of this vote will not be isolated to France alone. As a vocal critic of the ECB’s policies, Nicolas Sarkozy, the leading contender has been calling for the ECB to weaken Euro to boost growth. Although he is the more business friendly candidate, for this reason, a win by Sarkozy may not be initially taken as Euro positive. In the past decade, the EU community has grown increasingly interconnected so societal and economic issues have taken on greater meaning for the overall region. Considering the international importance of this vote, it is only natural for Euro traders to take an interest, especially as the currency hovers near multi-decade highs against the US dollar, Japanese yen and Swiss franc."
QuoteDislikedAs well, Japan returns to full staffing next week after the Golden Week holidays, and the reaction in USD/JPY will be important to the bigger USD picture. The 120.50 level is the key upside break point and the risk is for a downside shake-out in USD/JPY and the JPY-crosses while that level holds. G7 deputies, known as sherpas, are meeting next week to prepare for the June G7/8 summit in Heiligendamm, Germany. Persistent JPY weakness may attract semi-official efforts from Japan to limit JPY weakness ahead of these discussions. German G7 officials will brief the press on Friday morning on the summit’s agenda and likely topics of discussion, but be prepared for off-the-cuff comments during the week from G7 delegates. Also, next week, Eurozone finance ministers are gathering for their monthly meeting and JPY weakness may be singled out as a problem. Euro strength, on the other hand, does not seem to be a problem for Eurozone officials at the moment, but keep an eye out for any changes to that view.
QuoteDislikedIn Japan on Monday afternoon, the BOJ will release the minutes from its March MPC meeting, which may highlight renewed concerns over re-emergent deflation and provide yet another reason to keep selling the JPY. Wednesday afternoon in Tokyo sees the March preliminary Leading Economic Index. Thursday morning sees money supply and bank lending data, followed by April machine tool orders and Economy Watchers surveys in the afternoon. Also on Thursday afternoon, BOJ Gov. Fukui is scheduled to speak.