What a start ... EUR has already covered more points than it did all last week in Asia!

(If someone would like to check that'd be great, but it sure feels like it!)

The story so far (read from the bottom up, French election and EUR posts in bold):

  • Euro update, sliding after early highs following Macron French election win
  • Soc Gen on the EUR after the French election, prefer EUR/JPY
  • ANZ on oil, OPEC
  • ANZ outlook for China commodities
  • Goldman Sachs on the French election outcome
  • Macron win: ECB preparing for greater pressure to ease off monetary policy accelerator
  • "Macron Stuns Sceptics by 36% Margin"
  • Q: What time is the China trade balance data due today? A: It depends
  • Trade ideas thread - welcome to the new FX week, Monday 8 May 2017
  • French election counting continues, official puts Macron on 64+% so far
  • Economic data due from Asia today
  • MOAR weekend news - China FX Reserves (April), up for 3rd consecutive month
  • Merkel victory in German state election
  • French election results, official counts coming now
  • Macron wins French election - EUR higher (early price indications)
  • French election results - Le Pen concedes defeat
  • France heads to the polls

For the EUR, the story in (very) brief is a jump as pricing got underway for the week, from late NY levels around 1.0985/90 to just above 1.1020 to 'open', a few wiggles around that 20 level and then a slide as slightly better liquidity entered the market.

Weekend:

  • Canada threatens retaliation for US lumber tariffs
  • US wage growth might be soft but it's downright awful in Canada
  • You know you're good when you can raise $5 billion in 24 hours
  • Technical analysis: USD/CAD finished on the lows after a big reversal
  • Huge trove of Macron campaign emails leaked

And, if it wasn't for the French election I reckon we'd all be talking about the NFP from the US last Friday, check t out (and more, here)

  • ForexLive Americas FX news wrap: Wages weight on US dollar