After just over 24 hours since Macron’s French presidential election win, the Euro and European equities are feeling a small hangover following a solid run in the previous two weeks. Early on Monday the Euro traded to a high of 1.1023, but since then it has been on steady decline and now it trades at 1.0921, 0.68% lower. Investors have also sold European equities with the CAC 40 (-0.91%) leading the way (Stoxx Europe -0.41%). Buying the rumour and selling the fact appears to have been a greater force than the elimination of a tail risk. Macron’s challenge to form a government and the National Assembly elections in June could also be a factor weighing on sentiment. All that said, however, after Austria and the Netherlands, Macron’s win means that the EU and the Euro have yet again avoided a potential challenge to their existence.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Eiro 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 11 points yesterday and is now ahead by 382 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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