• HOME
  • MARKETS
  • ANALYSIS
  • SIGN UP
No Result
View All Result
FTD Limited
  • HOME
  • MARKETS
  • ANALYSIS
  • SIGN UP
No Result
View All Result
FTD Limited
No Result
View All Result

CAC 40 Tries to Regain Lost Ground Ahead of Second Round of French Election 

Burc Oran by Burc Oran
July 4, 2024
Reading Time: 2 mins read
A A
CAC 40 Tries to Regain Lost Ground Ahead of Second Round of French Election 
0
SHARES
21
VIEWS
tweetpostshare
Share us on social media

After Macron’s surprise call for an election, French markets experienced high volatility. With the possibility of the National Rally taking a majority in the assembly, French bonds faced a huge selloff, and stocks fell. RN won the first round as expected, taking more than 30% of the votes. However, after the election, RN’s chance of getting a majority is getting slimmer. According to Ipsos polls, the National Rally is expected to gain 230 to 280 seats, falling short of the 289 seats required for a majority. 

(France – Germany 2 Year Yield Spread) 

©Bloomberg 

This result cooled off the markets a bit. The French-German 2-year yield spread tightened nearly half of the June move by falling 88 basis points. The reason for the sharp change in optimism was not only the polls but the drop offs as well. After the first round, more than 200 candidates dropped out of the race to avoid splitting the vote, which reduced RN’s chances further. So, the most likely scenario for now is a more contested assembly that could slow the pace of any reforms. Either way, France will come out of these elections with a weaker political landscape that could weaken the EU as well. 

(CAC 40 Mini Weekly Chart) 

©Bloomberg 

With the sharp selloff, the CAC 40 index fell to a two-year long trendline. So far, the trendline has provided sufficient support to hold the declines. Now, with the probability of a majority reduced, the index is trying to regain some lost ground. For that to happen, recovering and holding the 7700 level will be key. In that case, a run towards 7900 might begin. As for downward moves, the trendline is still a major support and is currently near 7500. 

Learn more about us

Şununla paylaş:

  • Facebook
  • X (Twitter)
  • LinkedIn
  • Daha fazla
Tags: CAC40FEDForexonline trading
TweetShareShareSend
Previous Post

COT Weekly Non-Commercial Net Positions

Next Post

COT Weekly Non-Commercial Net Positions

Related Posts

COT Weekly Non-Commercial Net Positions
MARKETS

COT Weekly Non-Commercial Net Positions

EURUSD Under Heavy Pressure from Long-Term Resistance and Bearish Formation 
MARKETS

EURUSD Under Heavy Pressure from Long-Term Resistance and Bearish Formation 

Silver Forms Double Top, Testing Key Support for Potential Downward Move 
MARKETS

Silver Forms Double Top, Testing Key Support for Potential Downward Move 

COT Weekly Non-Commercial Net Positions
MARKETS

COT Weekly Non-Commercial Net Positions

Bullish Yen Bets Hit by Ishiba’s Surprise, USDJPY Reacts Upward 
MARKETS

Bullish Yen Bets Hit by Ishiba’s Surprise, USDJPY Reacts Upward 

Dollar Tests Long-Term Support Ahead of the Most Uncertain FOMC Meeting of the Year  
MARKETS

Dollar Tests Long-Term Support Ahead of the Most Uncertain FOMC Meeting of the Year  

Next Post
COT Weekly Non-Commercial Net Positions

COT Weekly Non-Commercial Net Positions

You might also like

What is MACD and How to Use it Effectively?

What is MACD and How to Use it Effectively?

Unveiling the Tapestry of Trading: Insights into Market Participants

Unveiling the Tapestry of Trading: Insights into Market Participants

Dynamics of Fiscal and Monetary Policies in Multi-Asset Strategy

Dynamics of Fiscal and Monetary Policies in Multi-Asset Strategy

Bitcoin Holds onto Key Support After Last Week’s Plunge

Bitcoin Holds onto Key Support After Last Week’s Plunge

Beyond the Technical: The Power of Trading Psychology

Beyond the Technical: The Power of Trading Psychology

How to Know When You’re Ready to Switch to Live Trading?

How to Know When You’re Ready to Switch to Live Trading?

Recent Posts

  • COT Weekly Non-Commercial Net Positions
  • EURUSD Under Heavy Pressure from Long-Term Resistance and Bearish Formation 
  • Silver Forms Double Top, Testing Key Support for Potential Downward Move 
  • Monthly Market Outlook
  • COT Weekly Non-Commercial Net Positions
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • HOME
  • MARKETS
  • ANALYSIS
  • SIGN UP

Latest Articles

  • COT Weekly Non-Commercial Net Positions
  • EURUSD Under Heavy Pressure from Long-Term Resistance and Bearish Formation 
  • Silver Forms Double Top, Testing Key Support for Potential Downward Move 

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • HOME
    • MARKETS
    • ANALYSIS
    • SIGN UP

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    • Facebook
    • X (Twitter)
    • LinkedIn
    • More Networks
    Share via
    Facebook
    X (Twitter)
    LinkedIn
    Mix
    Email
    Print
    Copy Link
    Copy link
    CopyCopied