News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
CAC 40 Approaches Resistance Ahead of Yellen Speech

CAC 40 Approaches Resistance Ahead of Yellen Speech

Walker England, Forex Trading Instructor

Talking Points

  • CAC 40 Approaches Resistance Near 4,536.89
  • Equities Markets Await Yellens Speech for Insight on FOMC Event
  • SSI Reads at +1.38, with 58% of Positioning Net Long

CAC 40 Daily Chart

CAC 40 Approaches Resistance Ahead of Yellen Speech

(Created using Marketscope 2.0 Charts)

What’s next for equities market? Find out more with our analysts Free forecast!

The CAC 40 continues to trade near weekly highs this morning, however price is little changed with the Index trading up .02%. The CAC 40’s top moving stock on the day is Credit Agricloe, which is now trading down -5.11%. Many equities traders are eagerly awaiting a speech from Janet Yellen later today at 1:15 p.m. ET. While it is not expected that Yellen will speak definitively about any upcoming Fed events today, her insights however may give traders more reason to speculate on the likelihood of a potential rate hike for Junes FOMC event.

Price action for the CAC 40 is now trading higher for the fourth consecutive session. This bullish momentum has continued since the Index broke free from a previously mentioned consolidating trading range. Now as prices advance, traders may begin looking for potential points of resistance. For today’s trading that includes a 78.6% Fibonacci retracement found at 4,536.89. This value has been found by measuring the distance from the previous swing high at 4,616.50 to the current swing low at 4,301.30. In the event that prices break above this retracement value, traders will look for prices to continue upward, and potentially put a new higher high in place.

Alternatively, if the CAC 40 finds resistance here, it would suggest that this week’s bullish momentum is part of a broader retracement in an ongoing downtrend. In this bearish scenario, traders may again look for prices to break back inside of the previously identified range. A further decline below 4,244.50 would suggest a change in momentum for the Index, and open the CAC 40 to resume its 2016 downtrend.

CAC 40 Approaches Resistance Ahead of Yellen Speech

Find out real time sentiment data with the DailyFX’s sentiment page.

SSI (speculative sentiment indexdata for the CAC 40 (Ticker: FRA40) continues to read positive with the ratio of long to shorts at +1.38. When taken as a contrarian signal, 58% of positioning long suggests that there is a small bias for further price declines. However, since this value has grown less net long from yesterday reading of +1.44, it may suggests a change in momentum. If prices continue to advance, traders should look for SSI to potentially decline and flip to a negative value.

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.