Moving Over to Europe

Posted Tuesday, March 14, 2017 by
Skerdian Meta • 1 min read

We had quite an English breakfast this morning. To some people who are not used to this stuff, it might feel pretty heavy. I mean, bacon, sausages, beans, hash browns (not the fun type), black pudding, toast, or Brexit is not everyone´s taste for a healthy breakfast.

So, let´s move over to mainland Europe for some lighter stuff to help us digest that heavy English breakfast. In France, Le Penn made a small gain against her opponents. Opinion polls put Le Penn in front once again at 27%/ 24% /20% for the first round, but she´s still light years away from taking the second round. The polls for that show Macron /Le Penn standing at 60% /40%.

Moving deeper into Europe, the German economic sentiment moved higher to 12.8 points from 10.4, while the Eurozone ZEW economic sentiment jumped to 25.6 from 17.1 points.

Taking Brexit and the upcoming elections in Europe into consideration, I have to say that the economic sentiment is pretty much upbeat. We know the ECB has played a big role in this, so they deserve some credit as well.

Regardless of the economic data, we´re seeing nothing on the Euro front, or in any other front for that matter. It´s been dead quiet this morning, apart from the GBP tumble early in the London session. At least it was more than enough for our forex signal in this pair to hit take profit. 

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