Emmanuel Macron was elected French President late last night with a business friendly- vision of European integration, defeating Marine Le-pen, a far right nationalist who threatened to take France out of the European Union.  Exit polls put the vote at 65/35% in Macron’s favour, though incoming Interior Ministry figures are currently more like 61/39% (though if you recall two weeks ago, Macron’s final showing proved to be better than earlier official counting suggested). With all votes now countered Macron has won 66% of the votes – a gap wider than the 20 or so percentage points than the pre-election surveys had suggested.  “I know the anger, the anxiety, the doubts that very many of you have also expressed. It’s my responsibility to hear them,” Macron said. “I will work to recreate the link between Europe and its peoples, between Europe and citizens” he added. Market reaction so far has been muted, though EUR/USD has pushed clean above 1.10 (high of 1.1023) for the first time since November 8th 2016 (so exactly six months ago), having just kissed 1.10 late on Friday to close in New York at 1.0998.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 110 points on Friday and is now ahead by 371 points for May, having made 1276 points in April, 1335 in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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