France is heaving a temporary sigh of relief as the nightmare scenario of a far right Le Pen vs a far left Melenchon round 1 win failed to materialise, instead that which has always been most probable has come to pass, where the two candidates with the most votes going into the second and final round of the French Presidential election will be centrist Emmanuel Macron (23.8%) vs far right Marine Le Pen (21.7%).

Note these are projected percentages as the counting is still underway i.e. the final gap between Macron and Le Pen will likely tighten and may even reverse by the time all of the votes have been counted.

Market Reaction

Literally expect a relief rally for the Euro, stocks and the French / Euro bond markets. Relief that the doomsday scene rio of far left Melenchon vs far right Le Pen failed to materialise.

French Election Forecast

All eyes are now on the second round of voting to be held on 7th May 2017. See my recent video for what I deem to be the most probable outcome of the french presidential election as my round 1 expectations of Le Pen vs Macron have materialised -

The BrExit War

The BrExit war series of videos is based on my following in-depth analysis that explain what Britain needs to do to win the BrExit War that the UK is engaged in with the European Union.

Ensure you are subscribed to my always free newsletter for my latest analysis and to our youtube channel for videos in the BrExit War series.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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