|

Exit polls: Far right surges in eastern Germany elections, falls short of majority – WaPo

The Washington Post (WaPo) reports the latest updates on Sunday’s German state elections. Brandenburg and Saxony voted to elect representatives for their state legislatures.

The preliminary results (exit polls) released early Monday showed a surge in support for the right-wing Alternative for Germany (AfD) party, it came in second in both states.

Additional Details:

“Angela Merkel’s center-right Christian Democratic Union won 32.1 percent of the vote in Saxony; AfD took 27.5 percent.

The Social Democratic Party, the Christian Democrats’ center-left coalition partner in the national parliament, won 26.2 percent in Brandenburg; AfD took 23. 5 percent.

The results weren’t as bad for Germany’s traditional parties as they had feared, but still showed a significant shift to the far right, which drew out new voters in an election with greater-than-usual turnout. 

The drop in support could complicate their efforts to form a ruling coalition. The major parties having ruled out forming coalitions with the AfD.” 

The shared currency remains unperturbed by the state election exit polls, as it remains unmotivated near 1.0990 region so far this Monday.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD climbs toward 1.1800 on broad USD weakness

EUR/USD gathers bullish momentum and advances toward 1.1800 in the second half of the day on Tuesday. The US Dollar weakens and helps the pair stretch higher after the employment report showed that Nonfarm Payrolls declined by 105,000 in October before rising by 64,000 in November.

GBP/USD climbs to fresh two-month high above 1.3400

GBP/USD gains traction in the American session and trades at its highest level since mid-October above 1.3430. The British Pound benefits from upbeat PMI data, while the US Dollar struggles to find demand following the mixed employment figures and weaker-than-forecast PMI prints, allowing the pair to march north.

Gold extends its consolidative phase around $4,300

Gold trades in positive above $4,300 after spending the first half of the day under bearish pressure. XAU/USD capitalizes on renewed USD weakness after the jobs report showed that the Unemployment Rate climbed to 4.6% in November and the PMI data revealed a loss of growth momentum in the private sector in December. 

US Retail Sales virtually unchanged at $732.6 billion in October

Retail Sales in the United States were virtually unchanged at $732.6 billion in October, the US Census Bureau reported on Tuesday. This print followed the 0.1% increase (revised from 0.3%) recorded in September and came in below the market expectation of +0.1%.

Ukraine-Russia in the spotlight once again

Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US Employment data later on day and end our report with an update in regards to the tensions brewing in Venezuela.

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.