events to look forward to in October 2017. This pair has the potential to come under pressure mid-week based on a positive outlook from the. However, railroads as a transportation for oil will suffer if pipelines become preferred once again. The outcome was again as expected as the CDU/CSU led by Angela Merkel saw another victory. Editor's Note: Read Part 2: Market Outlook 2017: Stocks, Bonds Inflation and SPX 2400. These represent three of the largest and most important economies in Europe, and depending on how these votes go, political uncertainty could throw the region back into recession in 2017. Dollar (EUR/USD key Levels and market movement: The Euro has had a wild ride this week, but it is still holding above the critical VantagePoint level.1850.
There is a substantial bottom in place at 111, but the pair closed out the week at 112.12. However, this will not be a replay of Brexit, as most Italians are still in favour of the eurozone.
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Energy infrastructure projects, including pipelines, will see renewed possibilities as well. Watch This Market Risk Barometer Our proprietary market barometer looks at all leading markets, and gives a sense of intermarket dynamics. Rather we should say the market is a voting machine, whereon countless individuals register choices which are partly the product of reason and partly the product of emotion. Le Pens commitment to following the UKs lead and exiting France from the EU, the result of which would likely be catastrophic for the Union. The key levels now in play are those at 1120 per ounce, and if this is taken out potential support awaits at 1050 per ounce.