A gap-up opening observed for the Euro Monday London Session, less risk-off sentiments weakens Yen, GBP weakens against USD and the AUD was boosted by risk appetite. The French Elections played on market sentiments broadly and by Wall Street Session Monday, the Macron Rally was official.
EURUSD hit a session high at 1.0872. Sterling stayed weakened against the USD and the CAD slipped as Oil prices continued to decline on lack of confirmation that OPEC will extend cuts. The Australian Dollar also lost ground but Investors are focused on Australia’s 1st Quarter CPI Data at 9:30 PM ET.
FTSEurofirst 300 advanced, DAX advanced, EuroStoxx 50 advanced. So did S&P 500 and Nasdaq (thanks to the Macron Rally). Nasdaq closed at record highs, approaching the 6000 level. Safe haven assets dipped, Gold edged down, Silver edged down. Copper and Zinc however, joined the advancing rally train.