Coming Up: Germany’s General Election
This Sunday, September 24, 2017, German voters will head to the polls to elect the members of the Bundestag (Lower House of Parliament). With Germany being a parliamentary republic, the vote will determine the next Chancellor of Germany. Are we heading into another wave of market volatility?
Earlier this year, we witnessed the volatility of the French presidential election, as well as UK’s snap election rashly called by the Prime Minister Theresa May. As a rule, major elections present amazing opportunities to trade. With Germany being the largest European economy, traders worldwide have their sights set on the Euro pairs.
The current Chancellor, Angela Merkel, the leader of the Christian Democratic Union Party, is currently projected to keep her seat for the fourth term in a row. According to the polls, Merkel is looking at 35-40% voters’ support. The incumbent Chancellor’s competitor is the former president of the European Union and a member of the Social Democratic Party Martin Schulz. At the moment, Schulz is projected to get 20-25% of the votes.
Both candidates are committed to the Eurozone, making this election very different from the French election with a vocal eurosceptic Marine Le Pen. Still, the German election most likely will have a significant impact on the financial markets, making Euro a popular choice for this week’s trading. As Germany’s economic growth means strengthening of the Euro, candidates’ economic programs and statements will be reflected in the Euro’s rates this week.
How to Start Trading Euro With Harborx
Trading with Harborx is only 3 steps away:
- Install the app (if you don’t have it yet).
- Open a Live Validated Account.
- Make a deposit and start trading, either by following Star Traders’ recommendations or placing your own trades!
…but that’s not it!
To get more trading funds, use deposit bonus code GERMANY2017 for a 50% bonus on your deposit (make sure to type the code BEFORE making the deposit; the bonus amount will not exceed $100).
Risk warning: there is a high level of risk involved with trading forex, commodities, indices and other contract-for-differences. Past performance is not a reliable indicator of future results. You must be aware of the risks associated with trading directly or indirectly on margin. Please ensure that you fully understand the risks involved and do not invest with money you cannot afford to lose. Please seek independent advice if the risks involved seem unclear to you and refer to our full risk disclaimer.
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