Trading Market Commentary May 8, 2017

Commentary

Euro markets and the Eurodollar retracted from previous highs following Macron's emphatic however well-flagged triumph in France's presidential election as traders/investors' attention changed out of national politics to economic policy.

Euro stocks dropped, with French securities, which reach Nine and half year highs levels on Friday, underperforming the broader markets.

The Eurodollar fell versus the US dollar, experiencing an early increase during the Asian trading session to slightly over $1.10 as soon as opinions polls showed the sizeable margin of Macron's winning against anti-euro nationalist Marine Le Pen.


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