Sell Euros – It’s That Time Of Year Again / by Tyler Durden / May 6, 2017 1:07 PM

Authored by Kevin Muir via The Macro Tourist blog,

Remember how a couple of weeks ago investors were scrambling to buy Euro currency protection in front of the French election? Today, worries concerning tomorrow’s second round between Le Pen and Macron are extinct (even with today’s leaks). Macron’s win has pretty well been priced in.

I don’t have a forecast regarding the outcome of the election. I am not making some bold Trump-like upset prediction. The polls have Macron winning, and that’s the most likely result.

But I wonder if we aren’t setting up for a buy-the-rumour-sell-the-news reaction.


Read more ... source: The Bitcoin Channel

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