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Will CAC 40 See a Bullish Turn? Key Levels to Watch nextThe CAC 40, the benchmark French index, continues to trade around 7,496 during Friday's London session. Currently, the price is retesting a previous demand area, sparking interest in a potential bullish reversal pattern. I’m closely monitoring lower timeframes and daily charts for confirmation of a possible long position. Market dynamics show retail traders are predominantly short, while smart money has shifted to long positions, signaling potential upward momentum. Additionally, the forecast indicator suggests a possible bullish seasonality for the index. However, it’s crucial to wait for a confirmed bullish reversal before entering any trades. Patience remains key, and the next few days will be critical in determining the direction of the CAC 40. Stay tuned for potential entry opportunities as the index tests this significant demand zone. ✅ Please share your thoughts about CAC40 in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
PEPPERSTONE:FRA40
by FOREXN1
1
Hermes Intl. Lets Try The Screwdriver NowHermès International S.A. is a French luxury design house established on 15 June 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Since the 1950s, its logo has been a depiction of a ducal horse-drawn carriage. Technical graph for Hermes stocks (US Dollars - denominated) indicates they turned to extra hot levels earlier this year, somewhere in mid-February 2024. Due to common uncertainty the bubble is going to be finally screwed.
EURONEXT:RMSShort
by Pandorra
1
CAC40 Enters Seasonal Growth Phase: A Promising Buy OpportunityThe CAC40 index is entering a period where its price historically tends to grow exponentially until the end of August. This seasonal trend presents a significant opportunity for investors. Our analysis has identified a potential Demand area where the price has already shown a rebound, indicating strong support at this level. This Demand area is particularly compelling as it aligns with the 78% Fibonacci retracement level, a key indicator in technical analysis that often signals strong price reversals. Additionally, we have observed multiple technical indicator divergences in this region, further strengthening the case for a bullish outlook. Given these favorable conditions, coupled with the historical seasonality trend, we see a strong opportunity for a Buy order. The setup is not only supported by robust technical signals but also by the expected seasonal increase in price. This combination of factors enhances the probability of a successful trade. Moreover, with a reward potential of 2X, this setup offers an attractive risk-to-reward ratio, making it a compelling buy opportunity for investors. By entering a Buy order at the identified Demand area, traders can position themselves to capitalize on the expected upward movement in the CAC40 index during this period. In summary, the convergence of the 78% Fibonacci level, technical indicator divergences, and the historical seasonality trend presents a promising opportunity for a Buy order in the CAC40. This well-rounded analysis supports a favorable risk-to-reward ratio, making it a highly attractive investment opportunity as we approach the end of August. ✅ Please share your thoughts about CAC40 in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:CAC40Long
by FOREXN1
1
CAC40 Vulnerable Amidst French TurmoilThesis: A confluence of internal political divisions, social unrest, and external economic pressures creates a compelling shorting opportunity in the CAC40 index. Key Points: Domestic Disarray: Recent elections have strengthened the far-right in France, weakening President Macron's centrist hold on power. This political fragmentation leads to policy gridlock and hampers economic stability. Social Unrest: Macron's economic policies have alienated segments of the population, triggering protests and strikes that disrupt business activity. Global Headwinds: Rising populism across Europe and the ongoing war in Ukraine create a volatile global economic environment. This uncertainty further strains the French economic outlook through inflationary pressures and supply chain disruptions. Bearish Outlook for CAC40: The aforementioned factors are likely to negatively impact the performance of companies listed on the CAC40. Investor sentiment is already shifting, as evidenced by recent hedge fund activity in European stocks.
INDEX:CAC40Short
by signalmastermind
French stocks subdued ahead of electionsAhead of French elections on Sunday, European markets, led by France, underperform a tech-driven Wall Street. Here, the S&P 500 (+0.65%) has just hit a fresh record high, and was on course to end up for the fourth consecutive week. Month- and quarter-end flows in high-flying tech keeps US equities supported as we head to the second half of the year. Meanwhile, French stocks remained under pressure ahead of the weekend, with the benchmark CAC testing its lowest levels since January at the time of writing. Investors are not taking any chances heading into the Sunday's snap elections. But at current levels of around 7460, the index is at a major support. Let's see if dop-buyers re-emerge next week and drive the market higher. However, if the outcome of the elections reveal even more support for the far right wing RN party, then we could see a wobble at the open next week. By Fawad Razaqzada, market analyst at FOREX.com
FOREXCOM:FRA40
by FOREXcom
Paris Stock Exchange Set to Open Lower Amid Political UncertaintThe Paris Stock Exchange is expected to open lower on Monday following the European elections, which have raised concerns about the political landscape in Europe. The CAC 40 futures dropped 76.5 points to 7925 points at around 8:15 am, indicating a session start in the red. Markets are reacting to the rise of nationalist parties and French President Emmanuel Macron's announcement of the dissolution of the National Assembly and early legislative elections. If the far-right National Rally party wins, Macron could lose domestic control, adding uncertainty to the market. The CAC 40 dropped 2.4% at the open, leading European market losses, while the Frankfurt DAX and pan-European Stoxx 600 also retreated. The euro has dropped to its lowest level in nearly a month due to the political developments.
EURONEXT:PX1Short
by signalmastermind
CAC40 #HVF for a doubleBig Pattern = Big Moves Long consolidations = Fast Breakouts The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market. The French stock market - along much Europe hasn't done much for over two years But we are quickly approaching Target 1 of a large --- non conventional HVF Is it monetary stimulus or economic growth that causes the CAC to double? Don't know ... One is more desirable of course. But the same boys cheering the US stock market screaming higher after a decade plus of stimulus. zero rates and buybacks, does it matter? @TheCryptoSniper
TVC:CAC40Long
by BallaJi
FRANCE40 forecastRSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period. *This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
OANDA:FR40EURShort
by Trinnisia_Trades
Has the Twilight Zone with the World Markets ended? -DOWN we go!If you've just been a position (swint trader) with shares this year. You'll know it's been bvery difficult and challening. We've seen world markets move in a sideways motion which I like to call the Twilight Zone. FTSE 100 - UK- DAX 30 - Germany CAC 40 - France ASX 200 - Australia It breaks down, it goes back up into the range. It breaks up and it goes back down into the range. The only semblance of hope right now is that the price has broken BELOW the range and has remained below the 200MA Blue LIne. This means, the markets are more likely to be and stay in the downtrend for the next couple of weeks and months. And we might need to look to short (sell) more than we go long and buy. The overall trend is down right now, but for how long? We as traders can only react and anticipate based on what we see in front of our eyes. It's all we can do really with strict money management principles to preserve and protect.
TVC:SA40Short
by Timonrosso
Most difficult trading environment since 2011I've been trading since 2003. And if you're a position (swing trader , medium term) trader, you'll know there comes a time where the markets flow in a difficult range... There are two types of markets when it comes to strategies. Favourable and Unfavourable. Right now, I don't mean to speak for everyone else, but I believe the markets are in an unfavourable territory for medium term traders. Initially, I was blaming the JSE ALSI 40 (South African) index. I blamed the Load Shedding (cutting of electricity) Incompetency of the government providing sufficient water and services I blamed us being downgraded to grey (which has pushed out Foreign direct investments). I blamed the low liquidity and volume and the blame game kept going on... But then I realised something even more problematic. This horrible market environment has not only been for the JSE ALSI 40... It's been for the ASX (Australia), CAC40 (France), DAX (Germany) and even UK 100 (FTSE 100)... And I'm sure there are a lot more stock markets that have had this tight and ongoing range... So, what market environment are we in at the moment. It's not going up so it's not the Mark-up phase It's not going down so it's not the Mark-down phase We can either call it Accumulation or Distribution, but it's been moving in a sideways range for obver a year. So clearly we are in a larger market environment, which is known as the capitulation stage. The volumes are low worldwide, the prices are erratic and volatile. Many traders and investors are holding tight onto their money and not even dabbling into these markets at the moment. How long will this last? Well in 2011, it lasted two years. And right now, we are not seeing any strong signs of change yet... So what do we do? Well I don't have the holy grail nor some incredible points. But I can share what I'm doing during these timultuous times... 1. I've reduced my risk to 0.5% to 1% per trade (Instead of 2%). 2. I'm always hedging with Longs and Shorts 3. I'm trading other markets (Forex, Indices and intraday trades). 4. The drawdown isn't bad so I haven't halted trading 5. I've come to terms that this is the new normal for the next year or too. Expect disppointment and you'll never be disappointed. You learn a thing from Marvel Movies now and then... What are you doing and can you relate to these difficult trading conditions right now? What are your thoughts on the matter?
JSE:J200Long
by Timonrosso
short #fra40 around 7550 with minimum 200 pts target at 7350i wont say much stuff,but what i will say ,its full fundamental and what happens in the country #cac40 (fra40 outperform many index,if its not all) while in France all gone bad since many weeks Big protest and it is not finish.. next data will surely be down as protest had block few sector the President public opinion had never been so low u can go on twitter every day in the best trend have aty least 2 tag for him and all are bad. so i dunno but many gap still open far down and at anytime i big drama protest can happens too but technically have so much gap to fill
TVC:CAC40Short
by corsicasia
4
✅ Daily Market Analysis - THURSDAY SEPTEMBER 07, 2023Key events: USA - Initial Jobless Claims USA - Crude Oil Inventories On Wednesday, global stock indices experienced a downturn, while the benchmark US Treasury yield surged, and the US dollar reached its highest point in six months. This surge was driven by strong data from the US services sector, indicating that inflationary pressures continue to be a concern. The impact of these developments was notably significant on Wall Street, where shares of tech behemoth Apple (NASDAQ: AAPL) took a hit, falling by 3.6%. The Wall Street Journal reported that China had issued a ban on officials working at central government agencies from using iPhones and other foreign-branded devices for official purposes. Apple stock daily chart The Institute for Supply Management (ISM) has reported an increase in its non-manufacturing Purchasing Managers' Index (PMI) for August. This uptick suggests that new orders are strengthening, and businesses are experiencing higher input costs. Some investors have taken this data as an indication that interest rates could remain elevated for an extended period. However, the general consensus is that the US Federal Reserve will maintain its current pause on rate hikes during its upcoming meeting later this month. Adding to the discussion, Fed Bank of Boston President Susan Collins has stressed the importance of exercising caution in the central bank's future monetary policy decisions, despite signs of progress in controlling inflation. These developments had repercussions in the stock market, with the Dow Jones Industrial Average experiencing a decline of 198.78 points, equivalent to 0.57%, closing at 34,443.19. Similarly, the S&P 500 saw a loss of 31.35 points, or 0.70%, finishing at 4,465.48, while the Nasdaq Composite dropped by 148.48 points, a 1.06% decrease, to conclude the day at 13,872.47. NASDAQ Index daily chart SPX Index daily chart Today, European stock markets are poised to open with losses, driven by fresh signals of slowing growth in both Europe and China. Moreover, concerns about potential tightening measures by the Federal Reserve are further dampening market sentiment. In Germany, DAX futures have declined by 0.3%, while CAC 40 futures in France have also slipped by 0.3%. Meanwhile, the FTSE 100 futures contract in the UK is down by 0.2%. Earlier economic data revealed a 0.8% month-on-month drop in German industrial production for July, surpassing expectations of a 0.5% decline. This latest data point adds to a string of reports indicating that the largest economy in the eurozone is facing significant challenges and might be at risk of slipping back into recession. DAX index daily chart CAC 40 index daily chart FTSE 100 index daily chart In addition to the European economic concerns, China's trade data for August painted a challenging picture. Exports in China dropped by 8.8% year-on-year, while imports fell by 7.3%. While these figures exceeded expectations, they highlight the continued strain on China's manufacturing sector, emphasizing the urgency for policymakers to focus on stimulating domestic demand to support economic growth. China's economic performance carries significant weight for Europe's largest companies, and its ongoing challenges have a ripple effect on their financial results. Shifting our attention to the Bank of Canada (BoC), the central bank recently made a decision in line with expectations by keeping its policy rates unchanged during its interim meeting. While the BoC did acknowledge a reduction in excess demand, it left the door open for potential future rate hikes. The central bank expressed concerns about the persistent pressure on underlying inflation. In summary, the BoC's communication leaned towards a more hawkish stance, pointing out the absence of recent downward momentum in underlying inflation and emphasizing the risk that elevated inflation could become entrenched. XAU/USD H8 chart On Thursday, gold prices held steady, although they faced some downward pressure due to the strength of the US dollar and Treasury yields. The dollar index reached a fresh six-month high, touching 105.03, and was last seen trading at 104.85, reflecting a 0.1% increase. Meanwhile, the euro experienced slight gains, edging up by 0.03% to reach $1.0723. DXY H8 chart In contrast, oil prices took a different turn, reversing their earlier declines and ending the day with gains. This shift was primarily fueled by trader expectations of forthcoming reductions in US crude oil inventory. Brent crude futures settled at $90.60 per barrel, registering a rise of 56 cents, while US crude futures closed at $87.54, marking an increase of 85 cents. Looking ahead, one of the most significant data releases for today is the euro area wage figures, particularly compensation per employee for the second quarter of 2023. This specific wage measure is closely monitored by the European Central Bank (ECB), and its release holds substantial importance as it serves as the final significant data point before the upcoming ECB monetary policy meeting scheduled for next Thursday.
by FOREXN1
8
✅ Daily Market Analysis - TUESDAY AUGUST 01, 2023Key News: Australia - RBA Interest Rate Decision (Aug) UK - S&P Global/CIPS UK Manufacturing PMI (Jul) USA - ISM Manufacturing PMI (Jul) USA - JOLTs Job Openings (Jun) On Monday, both Wall Street and global stocks displayed minimal changes, indicating relative stability in the markets. However, oil prices recorded some gains, and the US dollar remained mostly steady. Market participants were closely monitoring upcoming corporate earnings, central bank meetings, and an important employment report scheduled for this week. The Dow Jones Industrial Average experienced a slight increase of 0.11%, reaching 35,499.78, while the S&P 500 remained nearly unchanged at 4,582.45. The Nasdaq Composite also saw a modest gain of 0.07%, reaching 14,326.87. The overall market sentiment seemed cautious as investors awaited significant events that could potentially impact the financial landscape. In the coming days, traders will be paying close attention to corporate earnings reports, as they can significantly influence stock prices and market sentiment. Additionally, central bank meetings are scheduled, which can provide insights into monetary policy decisions that may influence currency markets and investor confidence. Moreover, an important employment report is eagerly anticipated by market participants. This data release can have a considerable impact on market dynamics, particularly in the context of the ongoing recovery from the global economic challenges posed by the pandemic. Nasdaq indices daily chart SPX indices daily chart This week, investors are eagerly anticipating earnings reports from several notable companies, including Apple Inc (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN), scheduled to release their reports on Thursday. The market will closely monitor these results, as they can have a significant impact on individual stock prices and broader market sentiment. Additionally, earnings reports are also expected from well-known companies like Caterpillar Inc (NYSE: CAT), Starbucks Corp (NASDAQ: SBUX), and Advanced Micro Devices (NASDAQ: AMD), adding to the week's eventful financial calendar. European Markets Record Positive Session European markets had a positive session, concluding a strong month of gains. The DAX achieved yet another record high, reflecting the market's optimistic outlook. Meanwhile, the CAC 40 rebounded strongly after experiencing a significant two-day sell-off just under a week ago, indicating renewed investor confidence. The overall performance of European markets suggests a favorable market sentiment and hints at the possibility of further growth in the region. As the week progresses, investors will be closely watching earnings reports and market developments for potential market-moving events. The combination of key company results and overall market performance will shape investor sentiment and guide market trends in the near future. CAC40 indices daily chart The FTSE100 index displayed impressive performance, reaching a two-month high, signaling a positive trend in the market. Notably, housebuilders stood out as they experienced a notable rebound in their stock prices. This surge in housebuilders' stocks can be attributed to a decrease in expectations for interest rate hikes, which have subsided from the peak levels observed a few weeks ago. The overall market sentiment appears to be optimistic, with investors gaining confidence in the stability of the market. The positive momentum in the FTSE100 index indicates a favorable outlook for investors and suggests potential growth opportunities in various sectors. As interest rate hike concerns ease, housebuilders, in particular, have benefited, leading to an upswing in their stock prices. FTSE 100 daily chart The positive momentum observed in global markets can be attributed to significant gains in Chinese equity markets. Chinese policymakers have signaled their intention to implement measures aimed at bolstering the economy in the coming weeks. This stance from Chinese authorities has boosted investor confidence and contributed to the overall positive sentiment in global markets. Japanese Yen Weakens as Bank of Japan Takes Unanticipated Measures The Japanese yen experienced weakness today following unexpected moves by the Bank of Japan. The central bank intervened by purchasing bonds in an effort to lower yields after the 10-year Japanese Government Bond (JGB) yield surged above 0.6%, surpassing the bank's upper target of 0.5%. As a result of this intervention, the yen slid to a three-week low against the US dollar. The Bank of Japan's decision to take action to control bond yields reflects its commitment to maintaining stability in the financial markets. However, the unanticipated move had an impact on the yen's value, leading to a decline against the US dollar. USD/JPY daily chart The Australian dollar experienced a significant increase, driven by short covering ahead of tomorrow's Reserve Bank of Australia (RBA) rate meeting. Traders speculated that the central bank might raise rates by another 25 basis points. Initially, the consensus was for the RBA to maintain rates unchanged, but weaker-than-expected Q2 CPI figures from last week suggested that the necessary adjustments had already been made. Although there was a slight decline from 5.5% to 5.4% in annual inflation, which is still relatively high, the unemployment rate at 3.5% could entice the RBA to raise rates from 4.1% to 4.35%. However, with Purchasing Managers' Index (PMI) readings indicating contraction, there is a risk that such a move could be precarious. The surge in the Australian dollar reflects market expectations and speculation surrounding the RBA's rate decision. Investors are closely watching the central bank's actions and statements for further insights into its monetary policy stance. As economic indicators continue to influence the RBA's decision-making, traders will be cautious about the potential implications of a rate hike in the context of ongoing challenges in certain sectors of the Australian economy. AUD/USD daily chart As Thursday approaches, all eyes are on the British pound, with the Bank of England's rate decision scheduled for that day. The financial markets widely anticipate another rate hike, with the only uncertainty being the magnitude of the increase, whether it will be 25 basis points (bps) or 50 bps. Today's mortgage approvals data for June provided some insights into the state of the housing market. The data suggested robust demand, but there are indications that this could be primarily attributed to strong interest in fixed rate rollovers. The net lending figure showed only a modest increase of £0.1 billion. The upcoming rate decision will be closely monitored by investors, as it can have a significant impact on the British pound and financial markets. Depending on the magnitude of the rate hike, market participants will assess the Bank of England's stance on inflation and economic growth, which will shape the outlook for interest rates going forward. The Bank of England's policy decisions are of utmost importance in the current economic landscape, as central banks worldwide grapple with managing inflationary pressures and navigating the post-pandemic recovery. XAU/USD daily chart Gold prices are showing signs of a potential reversal from their losses experienced in June, but they have yet to breach the crucial resistance level of $2,000 per ounce. The depreciation of the US dollar has played a significant role in supporting gold prices, helping them recover from their lows. Despite firmer long-term yields, there is a growing acceptance in the markets that US interest rates are likely to remain elevated for an extended period. This perception is buoying gold prices, as investors seek a hedge against the potential impact of sustained higher interest rates on other asset classes. Investors are closely monitoring the developments in the global economy, inflation, and central bank policies to gauge the outlook for gold prices. Geopolitical uncertainties and ongoing pandemic-related challenges also contribute to the demand for safe-haven assets like gold. As gold prices attempt to stage a comeback, investors are keenly observing any break above the critical $2,000 resistance level, which could signal further upside potential. The future trajectory of gold will be influenced by a complex interplay of factors, including the US dollar's performance, interest rate expectations, and global economic conditions.
by FOREXN1
13