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CAC 40 Surges on French Election Results

Talking Points: The CAC 40 has surged to new 2017 highs on Monday, as European markets rally on the conclusion of the first round of the 2017 French presidential election. Yesterday’s election results have Emmanuel Macron and Marine Le Pen moving forward to the final election round, which is to be held on May 7th. […]

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Euro Surges, Driving EUR/USD 150 Pips Higher In Extreme Illiquidity

Talking Points: A EUR/USD surge in the ‘after hours’ Thursday night rippled through the FX market Periods around market holidays are known for illiquid trading conditions There were no obvious headlines promoting the dramatic move Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars. A seemingly quiet transition […]

China’s Market News: USD/CNH Surges to Key Resistance Ahead of G20

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – USD/CNH touched above the psychological level of 6.7000 on Monday; the first time in five weeks. […]