FX FUNDAMENTAL ANALYSIS by James Trescothick


Eurozone Politics and the Euro What does Angela Merkel’s victory mean for the EU?


Angela Merkel’s fourth term win was not the victory the market was hoping for 13% of voters backed the anti-Euro AFD (Alternative for Germany) Euro trading at 30-day low as a result


Following the twists and turns of 2016, this year started with much apprehension that the populous vote, which saw the surprise Brexit result and Trump’s ascension to the White House, would continue and spread throughout Europe.


44 FX TRADER MAGAZINE October - December 2017


First there was the Dutch election, with the controversial anti-EU candidate Geert Wilders at one point fancied to be the winner. As election day got nearer, his popularity amongst the voters vanished and he eventually lost. Big sigh of relief.


Then there was the French general election. Enter Marine Le Pen, another anti-EU politician with


very strong right wing


beliefs, who promised to call France’s very own referendum on EU membership if she won. She didn’t. Instead, Emmanuel


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