French people will choose their new President already this Sunday. Therefore, it is high time to look into brokers’ risk management methods. In this article, we discuss French election XTB impact.
21 April, AtoZForex – French election is about to take place already this Sunday. The prospects for EUR are not that bright. Some experts believe that the shared currency could drop to $1 or below in case of Marine Le Pen French election victory. Also, European markets are experiencing a wave of turmoil related to UK snap election.
Following on this, AtoZForex.com’s team has been contacting and interviewing Forex brokers internationally, with the aim to get their view on the market ahead the French election. Furthermore, we have received inquiries from our readers about the brokers’ risk management precautions. Following up with AtoZ Approved broker XTB, below I have summarized the key highlights of French election XTB impact and risk management interview.
French election XTB impact and risk management
Kristina Frunze: “Is XTB planning to raise margin requirements or have any leverage change?”
XTB’s research team: “We are not planning on raising margin requirements or making any changes to current leverage levels. “
Le Pen to complete hattrick of political surprises?
Kristina Frunze: “What is your research team’s projection and analysis for the major pairs on the upcoming elections?”
XTB’s research team: “Despite the incident in Paris last night the markets have been fairly subdued this week, with the Euro higher against most of its major crosses with little by the way of caution being shown amongst traders. Barring a stronger than expected showing from Le Pen or a Le Pen – Melenchon final round there appears to be a fairly market positive outcome already being priced into the single currency which could mean any relief rally is short lived and the potential for a larger shock is therefore higher.
Several major crosses sit at interesting levels going into the event with the EURUSD rising to its highest level of the month during Thursday’s session before price ran into resistance at the 200 day SMA. The EURJPY could well be the most volatile FX cross to watch due to the JPY’s safe haven appeal whilst the EURGBP is currently sitting near possibly key support and the neckline of a potential head and shoulders pattern at 0.8300.”
Why should traders consider XTB?
Kristina Frunze: “Thank you for the insightful analysis on EURUSD and portraying the impact of the possible French election outcome. To conclude the interview can you sum up in brief, why traders should consider XTB?”
XTB’s research team: “Everything we do – whether it’s our award-winning platform, personal approach, or FREE education – has been shaped to help you achieve your trading ambitions. Join us for a free webinar (4th May) on the French election for trade set ups and in-depth analysis..”
Do you have questions related to the French election XTB impact or the EURUSD analysis? Let us know in the comments section below.TT