Race For French Left Candidate Heats Up

France’s divided Left will this weekend narrow its search for a presidential candidate, though opinion polls show whoever emerges victor will struggle to head off humiliation in the April-May election.

The candidate must deal with the legacy of President Francois Hollande, whose ratings plummeted with his failure to turn the economy around. It appears a near-certainty that no Left representative will get beyond the April 23 first round.

The focus of campaigning — not only for the Socialists but also the election front-runners — is likely to focus on France’s moderate left, a vast electorate spanning factory and office workers, shopkeepers and Paris professional elites.

Reuters

We begin a new chapter for the US Dollar

XAU/USD – Gold Steady at $1200 as US Manufacturing, Job Data Impresses

MS

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.