French frontrunner Macron calls on France to unite and reject 'fear'

21 Avril, 2017, 20:43 | Author: Marc Bacque
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EUR USD was able to easily capitalise due to "Greenback" weakness.

The surge in support for ultra-leftist Jean-Luc Mélenchon to 19% in the French presidential polls from just 11.4% on March 13 shows how unsafe the French political situation has become.

"If you look at the two markets, or the most recent markets of the American election obviously and Donald Trump, you look at Brexit, we didn't predict them and they happened". This could weaken the Euro on Friday.

Former prime minister Fillon has tried to rebound from an expenses scandal by presenting himself as a safe, experienced pair of hands at a time of deep global uncertainty following Britain's decision to leave the European Union and Donald Trump's rise to the White House.

The candidates drew lots to establish the order of speakers, with Mr Melenchon coming first. Thursday saw EUR USD reach its best levels since March. "While inflation plods below the ECB's 2% benchmark and a French election breathes uncertainty across the continent, we're unlikely to see any normalisation of monetary policy".

Fekl also announced that 50,000 policemen, gendarmes and military personnel will be deployed to safeguard each round of the election.

Emmanuel Macron, centrist candidate and one of the frontrunners, reacted in the same manner, saying that he will continue "to contact, to move" in spite of the threat.

The paper also reported that Macron's chief rival for the presidency, National Front leader, Marine Le Pen, would not campaign Friday out of respect for the victims.

The race between the four main candidates is so tight ahead of Sunday's vote that a marginal opinion change, provoked by the Paris attack, could thwart the predicted success of front-runners Le Pen and Macron who are narrowly ahead of Fillon and Communist-backed Jean-Luc Melenchon. The top two candidates will progress to a winner-takes-all May 7 runoff.

The arrest came just a few days before French voters head to the first round of polls on Sunday.

Fillon, Le Pen and Macron cancelled their planned campaign events after the shooting.

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After four years in preventive detention, he was sentenced to 15 years in prison for attempted murder in 2005. Cheroufi then ran down the pavement, continuing to shoot at policemen who were patroling on foot.

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'The worst-case scenario in terms of a potential Le Pen victory is a runoff between Fillon and the leader of the National Front.

"A contingent of the Trump campaign supporters we believe to be "bots" and accounts from Russian Federation have shifted to Germany", Mr Watts said.

With the Trump administration having expressed a preference for lower interest rates, contrary to campaign rhetoric, the Fed seems less likely to pursue any particularly aggressive pace of interest rate hikes in the near future.

This week's United States data has been largely overlooked.

The first round of the French election will be held this Sunday April 23.

Eurozone ecostats have been generally solid lately. The European Central Bank (ECB) has been optimistic about the bloc's economy and has indicated that deflation risks have largely vanished.

As France's presidential candidates gathered for the final debate in an already tumultuous election campaign, the sound of gunfire rang out on the streets of Paris once again.

The highly uncertain polling figures will leave Euro traders anxious until after the voting is over.

The consensus thus far is that the Centrist Macron and the far-right wing Le Pen are most likely to pass into the second round, with Macron being the favourite to win the final vote.

The latest OpinionWay daily survey, which was only partly polled after the attack, showed first-round support for Fillon up one point to 21 percent, Le Pen and Macron stable at 22 and 23 percent respectively, while Melenchon was down one point at 19 percent.


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