Macron wins parliamentary majority

French president Emmanuel Macron’s “La République en Marche!” party has obtained an absolute majority with more than 300 seats in the 577-seat National Assembly in the final round of voting on Sunday night. His party was formed just a year ago and still, Macron won by 97 percent of votes in the French parliamentary election. Meanwhile, European indices are expected to open higher today, with the German’s DAX at 12,789 points and the FTSE 100 at 49 points higher at 7,512.

source: BBC News, Shutterstock.com

On Friday, Amazon announced that it is buying Whole Foods with a $13.7 billion deal and this deal will be affecting retail in general. Amazon’s new concept will speed up consumers’ shopping experience by cutting down the long lines and make shopping at Whole Foods simpler. However, others will incur losses from this deal, the biggest losers will be supermarket chains, big retailers and suppliers, as well as store cashiers.

A man has been killed and 10 people have been injured after a van ploughed into people near a north London mosque in Seven Sisters Road. If this incident has been confirmed as a terror attack, this would be the fourth incident in the U.K. in four months after the Westminster attack, the Manchester and the London Bridge attacks. Asian indices traded higher today, with the Nikkei 225 at 0.64 percent higher and South Korea’s Kospi index at 0.36 percent.

Technical Analysis

EUR/USD

EUR/USD

Since Friday night, this currency pair is seen fluctuating on the market, thus making it difficult to figure out what trend it may take. In today’s session also, this asset was seen trading with much volatility and it is thus recommended for the 60 Seconds tool. Speeches of U.S. Fed members could generate more clues on the U.S. dollar and the EUR/USD, it is advisable to follow these while investing.

AUD/USD

AUD/USD

The AUD/USD pair traded positively in Friday’s session as its value kept increasing on the foreign exchange market. However, around 19:00 UTC, it slowed down a bit and closed its session on a bearish candle at $0.76190 by 23:00 UTC. Today, around 02:00 UTC, the asset dropped as from the 0.76249 level, followed by bearish candles. A change in trends is expected to take place around 11:00 UTC, keep a close watch.

SPX500

SPX500

The S&P 500 index recorded a huge set of momentary jumps on Friday, starting from 17:00 UTC at the 2428.1 to close by 22:00 UTC at the record level of 2435.7. On Monday, this index began its session on a positive note, and it is seen picking up momentum for today as it was seen recording more bullish candles in the early trading hours. The asset may maintain this bullish trend in the coming days, consider the Classic Binary Options tool.

Things to watch on the market

Tip 1

Consider trading the DAX, FTSE 100 indices, along with currency pairs such as the EUR/USD and the EUR/GBP which are also expected to be affected after Macron’s big win.

 

Tip 2

Amazon shares are expected to be affected after the company’s big announcement on Friday. Thus, investors should consider trading pairs such as APPLE VS AMAZON, AMAZON VS EBAY, and the Nasdaq index since Amazon is a component of NASDAQ.

 

Tip 3

Trade the Hang Seng index as it hiked by 0.94 percent and the Shanghai Composite which is now at 0.66 percent up.