What's Next for ECB After the French Election?

The transcript discusses the Euro Dollar's reaction to the French elections, highlighting Macron's potential presidency and its impact on markets. It explores the ECB's normalization strategy, debating tapering versus hiking interest rates. The European political landscape, including German and Italian elections, is examined. The French election dynamics, such as the Sarkozy Swing, are analyzed for potential outcomes.

What is the expected outcome of the French elections according to the transcript?

• Macron will likely become the next president of France.

• The election results are too close to call.

• Le Pen will likely become the next president of France.

• The election will be postponed.

What is the ECB expected to do first according to the discussion?

• Lower interest rates

• Introduce new stimulus measures

• Taper quantitative easing

• Raise front-end rates

Which upcoming political event is considered potentially impactful for the Euro?

• Brexit negotiations

• Italian referendum

• Spanish election

• German election

What historical voting pattern is mentioned in relation to the French elections?

• The favorite always loses by a large margin.

• The favorite doesn't always win by such a large margin.

• The favorite often loses by a small margin.

• The favorite always wins by a large margin.

What is the market's expectation regarding the Franco-German spread?

• It will remain stable.

• It will fluctuate unpredictably.

• It will drop further.

• It will increase significantly.