New Zealand and the robots have taken EUR/USD under 1.0780. Snap election called in France

This is weighing on the euro:

EU politics – French President Macron has called a snap election. EUR/USD a touch lower.

Its not as if its collapsing, its off 20 points or so from late Friday, circa 1.0775 or so.

As I say

EVERY

SINGLE

WEEK:

• As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.

And its going to stay illiquid for some time due to Australian markets being closed for a holiday. Its just New Zealand and the bots until Tokyo kicks off (its currently 5.45 am in Tokyo)

Mind the gap

This article was written by Eamonn Sheridan at www.forexlive.com.