EUR/USD consolidates gains ahead of US data, key expiries in play ...Middle East

It's tough to see this bounce as being any more than a slight relief for now. There were no major surprises to the outcome of the first round of votes in the French elections. And I reckon that's what markets are responding to mostly, alongside the fact that the worst-case scenario of there being a political standstill may be avoided.The pollsters have Le Pen's far-right faction likely winning a relative majority with even a small chance of obtaining an absolute majority. I still hold reservations on the latter and in any case, it is still too early to be calling anything just yet. A lot can still change in the days ahead before the second round of votes on 7 July.I outlined some of the more

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