The French Interior Ministry is reporting that, with 28 million votes counted, centrist's Emmanuel Macron has 62.3% of the votes, while far-right's Marine Le Pen has 37.7%.
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Felipe Erazo
FXStreet
Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.
GBP/USD sets aside Friday’s uptick and breaches below the 1.3300 yardstcik on Monday to hit new multi-week troughs. Falling crude oil prices following a pause in the Middle East conflict in combination with the recent soft reading in UK inflation appear to play against any BoE tightening ahead of the bank’s event later in the week.
EUR/USD fades the initial bull run past 1.1400 the figure, deflating toward the 1.1370 zone on Monday. That said, the pair reverses two daily drops in a row on the back of the irresolute price action in the US Dollar, at the time when investors continue to closely follow developments from the Middle East conflict. Next on tap is the release of the US Consumer Confidence gauge by the Conference Board.
Gold slides back closer to $4,050 during the Asian session on Tuesday amid a bullish US Dollar. The downside seems limited as traders might opt to wait for the outcome of a two-day FOMC policy meeting on Wednesday. Furthermore, a pause in US-Iran hostilities led to a slump in crude oil prices, easing inflationary concerns and tempering bets for Fed rate hikes. This holds back the USD bulls from placing aggressive bets and should act as a tailwind for the non-yielding bullion.
Ethereum treasury firm BitMine Immersion Technologies increased its share buybacks last week while scooping extra tokens into its ETH stash. The Las Vegas-based firm bought back 6.1 million shares of its common stock last week, following a 5.5 million share purchase the prior week.
