Macroview: Euro

With the French elections in the clear America can sit tight. As you see it is May 10th and the news is already on South Korea and James Comey. Politics is ever moving and changing, and political turmoil takes adaptation, but the missed issue in France has set a tone for the rest of 2017. There is nothing wrong with the EU trade bloc. The UK has left the EU - that is clear. They are in the process of braking apart a long standing trade union but it will not dismantle the euro.

If we can take anything from Sunday's FX open (May 07, 2017) the euro gained but then subdued, no doubt from reality. France and the EU have a wild and interesting road ahead but they will emerge now with the extra drive and direction needed verses a multi-nation wrap up led by Le Pen's anti-intellectualism.