Populist Fears Weigh on Eurozone

France’s two-stage presidential election system is expected to favour Macron, who is the current favourite on betting markets. But a Le Pen victory remains a possibility, said OANDA senior trader Stephen Innes.

“Once this wave of populism starts to spread, the fear is it will prove extremely contagious,” Mr Innes said.

“If you look at the overall landscape, there’s a build-up of political risk that continues to weigh not just in the United States but also on the continent. These risks are sitting idle in investors’ minds. So if anything negative happens, you get this sort of reaction.”

The Sydney Morning Herald

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.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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