A look at the day ahead in U.S. and global markets by Amanda Cooper.
To anyone watching the stock market over the last year, it would seem the letters “AI” are akin to a magic wand that will pump up the share price of any company involved in it.
Morning Bid: Apple’s AI push and the trouble with Europe
EURUSD 1h
I am going to try to explain :
That line above the head that it couldn’t go over this morning is the very same trend line that was resistance, should have held …but didn’t.
So we are back to square one, going for 1.07100.
Problem is FOMC and all the possible outcomes and expectations – it all depends on pre positioning.
Markets do noit like ucnertainty. Here is an article
Summary
Macron calls early election after far-right surge in EU vote
Finance minister predicts historic impact of French election
Possible hung parliament, risk to Macron’s domestic agenda
Euro and French stocks fall after far-right gains at EU level
PARIS, June 10 (Reuters) – Political parties and business leaders alike tried to figure out what a possible far-right win could mean for France following President Emmanuel Macron’s decision to call a snap election after a bruising loss in a European Parliament ballot.
France weighs up prospect of far-right power as countdown to snap election starts
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