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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: French politics will vote next week to determine life and death, and the euro bulls are trembling." Hope it will be helpful to you! The original content is as follows:
XM Forex APP News-Last week, despite the general optimism of global news, the European market was under pressure. The situation in France may lead to a political crisis in Europe, putting pressure on risk appetite. While the stock market is performing poorly, this raises the question: How worried should Forex traders be about the French vote of distrust? Earlier Monday, European markets seemed to have received a slight boost, but that was for reasons outside the EU. Like many European countries, France is also facing a debt crisis, with a debt-to-GDP ratio of 113%, far higher than the EU's target level of 60%. Given the cost of repaying debt, economists generally believe that this ratio is unsustainable to triple-digits. The government led by Prime Minister Beiru is seeking to cut 44 billion in order to break the legislature's deadlock, Beiru called for a vote of no confidence on his own government on Monday, Sept. 8. The idea was to consolidate his own political power and ensure the votes required to pass the spending plan. If he succeeds, the market may look forward to the calm of the European political stage again. If the vote fails, political analysts say it will bring huge risks, then it could lead to the collapse of the Beiru government. The uncontrollable nature of the legislature makes it slim to form a new government, so President Macron may be forced to demand new early elections, leaving the country uncertain who will ultimately control its finances. As things develop, this prospect may keep the market tight for months. How does this affect the euro? The euro appreciates against the dollar as investors transfer assets to a relatively stable Europe. European stocks are considered undervalued www.barborka.infopared to U.S. stocks, and the continent is experiencing a modest recovery in growth. But the political crisis in Europe's second largest economy could reduce or stop these fundsflows and drags down the euro. In the short term, it is expected that the above content is all about "[XM official website]: French politics votes to determine life and death next week, euro bulls are trembling". It is carefully www.barborka.infopiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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