Loading ...The following article makes as much sense as anything to me. Seems the Global interests are more concerned about propping the abortion known as the EU, than any other worries on their plate at the present time. If the European Union continues on its path to breakup, they gots major problems.
“The weaker dollar is more a function of euro strength, which has garnered support from increased confidence that Emmanuel Macron will soundly defeat Marine Le Pen in Sunday’s Presidential run-off election. Polling in the wake of their final debate showed Macron’s lead was widening.
The eurocrats in Brussels are surely breathing a little easier. However, even if Macron wins, people are going to have to address how he will work with Parliament. Macron’s En Marche! movement has precisely zero MPs currently. Even if some converts to En Marche! become MPs in June, he will have nowhere close to a majority.
This may be setting Macron up to be a lame-duck from the get-go. If Macron is unable to affect change, the French people are likely to wind up being very unhappy. But hey, at least nobody will have to worry about a Frexit referendum for a while.
With Italian elections on the horizon however, Italexit might be the next cause for concern for Brussels. Italian elections are expected to occur within the next year.
The Fed seemed inclined to ignore weak Q1 growth yesterday, calling it “transitory”. However, there may have been a little concern expressed about soft core inflation and inflation expectations: “Excluding energy and food, consumer prices declined in March and inflation continued to run somewhat below 2%. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.”
http://www.usagold.com/dailyquotes.html