Good evening folks... Global markets are flying at the moment in response to the French election outcome.
The reason is fairly simple... the election has come down to a runoff between an anti European Union candidate and a pro EU candidate. The feeling is that the pro EU candidate will win and thus keep the European Union intact...
For now.
The consensus at the moment is that markets are responding to this news...
Euro flying... it's been up as much as 2%
Global equity markets following suit... Asia mostly positive... US futures up significantly as well.
The question is will these prices hold?
We'll know in a few hours.
But the truth is, it doesn't matter. Stick to price action and structure and you'll have all the information you need.
Anyway...
Stay simple.
