May 2017

 

Fundamental Analysis

May was marked by an uptrend in EUR/USD.

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Technical Analysis

May kicked off with a slow but steady rise on the pair, with a local maximum being attained on the 7th of May at 1.1021

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Election to the Presidency of France

On the 7th of May, the second round of the French election gave the victory to the new member of French politics, Emmanuel Macron. The first round of the 2017 French presidential election was on 23rd of April and, as no candidate won, a run-off was held between the top two candidates, Emmanuel Macron of En Marche! and Marine Le Pen of the National Front. The thirty-nine years banker, a former economic minister, will have the hard task to fight terrorism and trying to respond to the needs of the French people like employment and social welfare.

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Did you know...

… that ECB voting system is partially rotating?

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