Who Will Be The Next French President? A Word On The US Inflation| FXMAG.COM

On Sunday, the results from the first round of the French presidential election showed that Emmanuel Macron obtained 27% of votes, closely followed by the right-wing Marine Le Pen, who got 24% support. The EURUSD gapped higher at the open as an early reaction to the French first round results that favoured a final Macron victory, but the pair rapidly paired gains to sink below the 1.09 level. The US dollar index remains strong at the start of a week which will probably print a further advance in both consumer and producer prices. European and US equity futures kicked off the week on a bearish note, as the barrel of US traded near $95pb, as Bitcoin fell to $42K on limited risk appetite. Earnings season kicks off, with big US banks due to announce their first quarter results this week, and the earnings are seen sharply down from a year ago due to lower trading revenues, and negative impact of Ukraine war on activity.

Watch the full episode to find out more!

0:00 Intro 0:27 French elections 1:57 US inflation to rise to 8.5% 3:32 Market update 6:20 US crude remains under selling pressure 6:50 US big banks due to announce earnings this week 8:43 Dollar, strong 9:09 Bitcoin, soft

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Swissquote Bank

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As a leading provider of online financial services, Swissquote offers innovative solutions and analysis tools to meet the wide range of demands and needs of its clients. The user-friendly platform also delivers forex, robo-advisory, leasing and mortgage solutions, as well as various online trading services. In addition to a low-cost service for private clients, Swissquote also offers specialized services for independent asset managers and corporate clients. Swissquote Bank AG is subject to the oversight of the Swiss Financial Market Supervisory Authority (FINMA), holds a banking license from the same authority, and is a member of the Swiss Bankers Association. The parent company, Swissquote Group Holding AG, is listed on SIX Swiss Exchange (symbol:SQN).