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.



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
Oil - US Crude
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
  • American Airlines say it is planning to furlough 19,000 employees after the government fails to pass its delayed fiscal stimulus follow up. United warned previously it could furlough 12,000 of its employees and Disney laid off 28,000 of its workers. #pandemic
  • GBP/USD was putting together a strong rally yesterday, but fizzled and put price closing in the bottom half of its daily range. Get your $GBPUSD technical analysis from @PaulRobinsonFX here:
  • The Tokyo Stock Exchange said before the opening bell on Thursday that it would suspend trading in all stocks, due to a glitch in its system to distribute market information -
  • What is seasonal change in volatility. Are we going through one right now? Find out:
  • 🇰🇷 Balance of Trade (SEP) Actual: $8.88B Previous: $3.84B
  • And so starts October: the peak of volatility as measured by the $VIX historically and the most active month according to $SPX volume
  • 🇰🇷 Exports YoY (SEP) Actual: 7.7% Expected: 2% Previous: -9.9%
  • 🇰🇷 Balance of Trade (SEP) Actual: $8.88B Previous: $3.84B
  • #ASX200 possibly carving out an Inverse Head and Shoulders reversal pattern above psychological support at 5,800 RSI suggests further gains are at hand if buyers can hurdle resistance at the 50-DMA (5878) $XJO $ASX
  • 🇯🇵 Foreign Bond Investment (19/SEP) Actual: ¥230.7B Previous: ¥300.1B
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

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.