The final results of the German elections show a clear victory for incumbent Angela Merkel and her CDU/CSU bloc. However, an absolute majority, last seen in 1957, wasn’t achieved. Given the various pre-elections promises and the history of coalition negotiations, these will probably take time. We might see the Fed taper QE before a new government is formed in Berlin. She won the best result since 1990 and is short just 5 seats from an absolute majority, which seemed like a possibility in the initial exit polls. Her current coalition partner FDP was left out, and so was the new anti-euro AfD party. While the left wing parties have a majority in parliament, they are not expected to form a coalition. So, negotiations will begin with both the main opposition party: center left SPD, and with the left leaning green party, which could find itself in an unnatural coalition with Merkel. This cannot be ruled out after Merkel’s big U-turn against nuclear energy. EUR/USD opened the week around the same levels it ended them, due to the mixed message: on one hand, Merkel’s re-election is euro-positive, but the uncertainty is negative. For more, see the EURUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex News share Read Next GOLD: Weak, Targeting Further Downside FX Tech Strategy 8 years The final results of the German elections show a clear victory for incumbent Angela Merkel and her CDU/CSU bloc. However, an absolute majority, last seen in 1957, wasn't achieved. Given the various pre-elections promises and the history of coalition negotiations, these will probably take time. We might see the Fed taper QE before a new government is formed in Berlin. She won the best result since 1990 and is short just 5 seats from an absolute majority, which seemed like a possibility in the initial exit polls. Her current coalition partner FDP was left out, and so was the new… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
