Live Europe Market: Comey firing stalls USD rally, commodities under pressure

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Summary

Politics remains left, right and center with the firing of FBI Director James Comey serving as a trigger for ending the USD rally. The French have elected Emmanuel Macron as the next president in a move that triggered a sigh of relief in markets. But for the euro, this was not such a big surprise. After a quick advance above 1.10, the pair dropped. Elsewhere, the NFP left a mixed message: good gains but a drop in wages. Commodities remain on the back foot. In our show, we preview the BOE, continue to the Canadian dollar after the oil crash and preview the next week.