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
Wall Street
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
CAC 40 Dives on Open

CAC 40 Dives on Open

Walker England, Forex Trading Instructor

Talking Points

  • CAC 40 Opens Lower on UK “Brexit” Vote
  • First Support is Found at 4,024.47
  • If you are looking for more trading ideas for equities markets, check out our Trading Guides

The CAC 40 has opened down -9.99% on the day, as world equities markets move lower on news that the UK has voted for a “Brexit” in yesterday’s EU referendum. Of the 40 listed components, 39 are trading lower at the open. Societe General is leading the decline, and is trading down -21.3% on the open. As today’s dramatic move plays out, traders are left looking for key technical value to determine if the CAC 40 can find support before this week’s trading closes.

CAC 40 , 30 Minute Chart with Classic Pivots

CAC 40 Dives on Open

(Created using Marketscope 2.0 Charts)

Market technicians should note, there are multiple points to watch this Friday due to the markets extreme open. Currently, price action is rising off of today’s low at 3,925.50. So far the Index has rebounded through the psychological 4,000 value and today’s S4 pivot at 4,024.47. As the market retraces, traders should monitor the S3 pivot at 4,168.47. This value is currently acting as resistance for the CAC 40, and a move through this point opens the Index up for a broader reversal. Alternatively, if prices stay under this point, traders may look for a potential resumption of today’s downtrend.

CAC 40 Dives on Open

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

Sentiment for the CAC 40 (Ticker: FRA40) has flipped positive this morning, with SSI (speculative sentiment index) now reading at an extreme +3.79. This change is significant as now 79% of positioning is long the market. In the event that the CAC 40 declines further, traders should look for SSI to remain at a positive extreme. Alternatively in the event of a bullish reversal, SSI should neutralize and move away from its current extreme 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.