By Chris Becker
The French election over the weekend will surely fire up stock markets this week given the supposed halt in populism, with Euro and European markets expected to lead the charge. The same can’t be said for commodities, with the fallout in the sudden drop in oil prices seeing Middle East markets tumble with gold and Aussie dollar as the proxy also continuing their big retracement. Interestingly the USD is falling at the same time against the other majors as reality sets in that the US economy is not firing on all cylinders.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.