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.

Free Trading Guides
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
Oil - US Crude
More View more
Real Time News
  • The $AUD is pressuring four-month trend support against its US counterpart as sellers fight to reassert the dominant, long-term downtrend. Get your market update from @IlyaSpivak here: https://t.co/Bup64Arva9 https://t.co/OLpavqPOVA
  • RT @globaltimesnews: A total of 1,052 cases of #coronavirus have been reported as of Jan 25 in #Hubei Province, with 129 in critical condit…
  • RT @FactSet: $SPX is reporting revenue growth of 2.9% for Q4, led by the Health Care (11%), Utilities (9%), and Communication Services (9%)…
  • The AUD has been hit by the risk-appetite pullback occasioned by the spread of Wuhan-strain coronavirus. This week may see domestic focus return, if headlines allow, with key inflation data due. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/UIpwno0pSq https://t.co/kib4d1mA0q
  • RT @anilvohra69: USD inverted (red) is correlated to Excess Reserves (blue) and Reserve Balances (green). 1/2 https://t.co/bbO1pPWY4F
  • RT @FactSet: $SPX is reporting a decline in earnings of -1.9% for Q4, led by the Energy (-42%), Consumer Discretionary (-14%), and Material…
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/6iMyDFqnqe
  • 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: https://t.co/QszmdZFxlk https://t.co/2mjzvYvgSn
  • Previewing the Texas Rangers new home! https://t.co/WITZGSQPlc
  • Thanks for having me on @MartinSEssex https://t.co/fg8uOe16wr
CAC 40 Declines on Election Jitters

CAC 40 Declines on Election Jitters

2017-04-18 16:19:00
Walker England, Forex Trading Instructor

Talking Points:

  • CAC 40 Declines on Election Jitters
  • Sentiment Figures Remain Negative; IG Client Sentiment at -1.89
  • Looking for additional trade ideas for equities markets? Read our 2017 Market Forecast

The CAC 40 is trading significantly lower today (-1.18%), as European markets begin to have concerns amid election uncertainty in France. Traders should note that the first round of the French presidential election will be held on April 23rd. If no candidate receives a majority, a runoff is then slated for May 7th. As these dates approach, traders may continue to look for market volatility to increase. At this point, only one listed stock on the CAC 40 is trading higher. SAFRAN is currently trading up +0.27%. Top Losers for the Index include both ArcelorMittal (-5.97%) and Carrefour (-3.68%).

Technically with today’s decline, the CAC 40 is again trading back below its 10 day EMA (exponential moving average) at 5,076.75. This move suggests that the Index is again trading in a short term downtrend, despite Monday’s rebound in price. Currently, today’s intraday low is found at 4,992.80. The Index however has bounced from this point, to again find support above the psychological 5,000.00 level. In the upcoming day’s preceding the election, traders should continue to monitor the 5,000.00 level. A bounce above this point may suggest a short term rebound for the Index, while a bearish breakout next exposes the March 22nd swing low at 4,952.70.

CAC 40, Daily Chart with 10 Day EMA

CAC 40 Declines on Election Jitters

(Created Using IG Charts)

Sentiment totals for the CAC 40 (Ticker: France 40) remain near negative extremes this Tuesday.Currently IG Client Sentiment reads at -1.89 with 34.7% of traders long the Index. While this sentiment total is negative, traders should note that today’s total has significantly shifted from last week’s reading of -3.62. If the CAC 40 continues to decline further this week, traders may look for these sentiment totals to eventually flip to a positive reading. Alternatively, if the CAC 40 finds support in the upcoming sessions, sentiment totals may remain negative and shift back to extremes of -2.0 or more.

Want to learn more about trading with market sentiment? Get our Free guide here.

CAC 40 Declines on Election Jitters

--- Written by Walker, Analyst for DailyFX.com

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

See Walker’s most recent articles at hisBio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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


News & Analysis at your fingertips.