EDITOR’s note
FX Political Currencies
As we enter Q2, political risk seems to be the major driver of the currency market. Te Pound Sterling is the “political currency of choice”, with Article 50 being triggered on 29 March, it has become particularly sensitive to Brexit-related news and it will continue to
be highly
influenced by the developments of the two-year amputation negotiations between the UK and the EU.
Whereas Morgan Stanley predicts that the Pound Sterling should move higher, counting on an overly pessimistic reaction of the market, the majority of foreign exchange traders are still betting on the currency weakening. Analysts talk about a new period of “high market uncertainty” and a move into “unknown territory”.
French elections in May and Trump’s meeting with China’s president Xi Jinping this month are
also bringing unsureness could
doubts. In Europe, Le Pen’s election could destabilize the eurozone adding to the deep concern that politics could exacerbate an already unstable investment climate.
in
In this edition, we touch on all these delicate “unknown territories” trying to bring light on the major fundamental aspects
increase market volatility
Whatever corner you stand in, whichever risk aversion level you might have and whether our market experts’ insights might be the trigger for your investment decisions or not, make sure you apply proven money management rules to your trading positions, as politics drastically in Q2,
bringing us new, undiscovered market opportunities.
Tis is a time when Forex traders who can understand fundamental analysis and interpret political events will flourish.
Emmanuelle Festa Bianchet FX TRADER MAGAZINE April - June 2017 7
forex investors agenda regarding the future of the Euro and Yuan. Te unpredictable nature of
the new
US Administration, its aggressive approach towards allies and rivals alike, and its arbitrary judgments, appear to have increased market
which are influencing the currency market. We look at the impact of major political events on the global economy. Some experts see trading opportunities in the weeks and months ahead, whereas others recommend to back-up in times of uncertainty.
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