With the 2017 French election nearing, it’s important to know whats at stake in order to make educated trades. The election abroad affects our market based on what policies the probable winning candidate wishes to implement. Currently the favored candidates to make it to the next round (French elections have two rounds of voting) are Marine Le Pen and Emmanuel Macron. Le Pen can be described as the French Donald Trump. Her policies are far right and she is a populist candidate. She supports the ‘Frexit’ which would end the European Union as we know it, causing major repercussions on the U.S. market. Macron is the less offensive candidate and the favorite to win the whole thing. However, polls have been wrong before, as brexit and Donald Trump were not expected to win.
https://youtu.be/suc-Y2442_g