Sarkozy WINS!!!!!! | Forex Factory

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Sarkozy WINS!!!!!!

  • #1
  • First Post: May 6, 2007 1:01pm May 6, 2007 1:01pm
53%, sakozy will be the new president of France
  • #2
  • May 6, 2007 1:04pm May 6, 2007 1:04pm
Quoting Sidus
53%, sakozy will be the new president of France
EUR UP 1,3735 at open???? is possible i have a chart with that quote?
OldSchool
  • #3
  • May 6, 2007 1:13pm May 6, 2007 1:13pm
Is there anyone here from France? If so, how do you feel about this?

Thanks for your reply
  • #4
  • May 6, 2007 1:41pm May 6, 2007 1:41pm
U think??? I think just reach 1.37
  • #5
  • May 6, 2007 1:45pm May 6, 2007 1:45pm
viva Sarkozy!! viva France!!

so will the euro strengthen?!? or was this already priced in? i guess we shall see soon!
Relax and be happy.
  • #6
  • May 6, 2007 2:04pm May 6, 2007 2:04pm
Quoting merlin
viva Sarkozy!! viva France!!
so will the euro strengthen?!? or was this already priced in? i guess we shall see soon!
Sarkozy 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.
  • #7
  • May 6, 2007 2:26pm May 6, 2007 2:26pm
Quoting merlin
viva Sarkozy!! viva France!!

so will the euro strengthen?!? or was this already priced in? i guess we shall see soon!
Hi there
viva? in portuguese why?
OldSchool
  • #8
  • May 6, 2007 2:39pm May 6, 2007 2:39pm
Yayyyyyyy, 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!
Trust price. Know yourself.
  • #9
  • Edited 5:06pm May 6, 2007 3:11pm | Edited 5:06pm
Quoting SeekingLight
Yayyyyyyy, 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!
Vive La France ! ! -
  • #10
  • May 6, 2007 3:16pm May 6, 2007 3:16pm
Quoting Mtav
Hi there
viva? in portuguese why?
It may be also Spanish.
  • #11
  • May 6, 2007 3:20pm May 6, 2007 3:20pm
Quoting pabloski
It may be also Spanish.
OldSchool
  • #12
  • May 6, 2007 8:28pm May 6, 2007 8:28pm
Quoting dunningduke
Sarkozy 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.

I read something on dailyfx about the elections. It took me a while to find it but here it is and correct me if I'm wrong but that doesn't look too bright short term.


Quote

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."

  1. Blames ECB for Lack of Growth, Wants to See them Weaken Euro
  2. Calls to Withdraw ECB Independence
  3. Protectionist Leanings
  4. 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."
  • #13
  • May 7, 2007 12:14am May 7, 2007 12:14am
Can anyone explain how Sarkozy could affect EU?
,
,
.
Ops... the above post explains it.. Thanks JimboFX for the info.
  • #14
  • May 7, 2007 12:22am May 7, 2007 12:22am
By saying again and again that euro is too strong and that we are gonna be no longer capable of manufacturing airplane in europe ( each 10 cents increase in eur/usd is a 1b loss for airbus)
Of course he has no leverage in his hand but he can hurt on a psychological way traders
Even Tricher president of ECB said recently that yen was too low against eur
Personally i am short eur/yen since last friday
  • #15
  • Last Post: May 7, 2007 1:11am May 7, 2007 1:11am
Quote
As 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.
Quote
In 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.
Spieler, a bit mixed here for me. However, a selling entry is possible for EUR/JPY this week. I will possibly go short around 162.70 aiming 161.50.
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