president of france

Yes, everybody follows French election. Not only it’s important for the certain companies, but also for whole indices. One of the most popular – CAC40 performs well recently, but taking 3M chart into consideration…

Geopolitics is in charge surely, tensions between Ukraine and Russia transformed into a warfare and finally, into a Russia vs. the rest of world influencing many countries’ economics. In France it’s combined with ongoing election where the two candidates Emanuel Macron and Marine LePen who represent two different visions of France in the future and its correlations with the European Union.

Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well!

What is the future of CAC40? CAC40 Chart

As we see 10% loss isn’t that bad as the vision of ca. 20% loss could have been.

What Is CAC40 Chart?

CAC40 Chart

IBEX35 has performed quite well despite all the factors.

The worst moment of the IBEX35 was the beginning of March. March 7th didn’t

The French elections: effects on euro

The French elections: effects on euro

Alex Kuptsikevich Alex Kuptsikevich 11.04.2022 14:06
Politics is once again temporarily becoming the main driver for the single currency. EURUSD returned to 1.0925 on Monday, gaining 0.8% from Friday's lows on reports that incumbent Macron is ahead of far-right Le Pen and will potentially get even more votes in the second round on April 24th as the majority of those voting for alternative candidates lean towards Macron. The lowering of political risks is attracting buyers of the single currency as EURUSD fell late last week to 1.0850 - near the lows of March and a support area in the pair between February and May 2020. In 1997, the EURUSD (then still non-cash) was gaining support near this level, but a return to 1.08 two years later triggered a capitulation. The EURUSD sell-off then had only halted two years later after the single currency had lost a quarter of its value and only after ECB interventions. The French elections and the events in Ukraine have enough potential to trigger a historic euro move away from that line. A strong pullback under 1.0800 opens the direct road to 1.05 (pandemic lows), but it may only be the first step in a long term slide of the single currency towards 0.8500. The opposite is also true: the political détente in the coming weeks may fundamentally change the attitude towards the single currency, making purchases attractive in the long term from the current levels. Investors and traders should pay close attention to the EURUSD in the coming weeks because the following dynamics will be decisive for the number one currency and the entire forex market for many months.
Today FX Market And Euro Pairs (i.a. EUR/USD) Cam Be Influenced By Economic Data Coming From US And Eurozone. US ISM Manufacturing And Eurozone CPI In Fovus

Indices: French CAC40 (FCHI) Has Decreased By 10% Over Last 3 Months! Spanish IBEX35 (IBEX) Has Performed Better “Only” -2% Gain

Mikołaj Marcinowski Mikołaj Marcinowski 12.04.2022 21:39
Yes, everybody follows French election. Not only it’s important for the certain companies, but also for whole indices. One of the most popular – CAC40 performs well recently, but taking 3M chart into consideration… Geopolitics is in charge surely, tensions between Ukraine and Russia transformed into a warfare and finally, into a Russia vs. the rest of world influencing many countries’ economics. In France it’s combined with ongoing election where the two candidates Emanuel Macron and Marine LePen who represent two different visions of France in the future and its correlations with the European Union. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! What is the future of CAC40? CAC40 Chart As we see 10% loss isn’t that bad as the vision of ca. 20% loss could have been. CAC40 Chart IBEX35 has performed quite well despite all the factors. The worst moment of the IBEX35 was the beginning of March. March 7th didn’t bring any positive information on negotiations and crude oil price hit the highest price since 2008. French and Spanish hitting their 3 month lows is not a big surprise then. At that time IBEX35 has been almost 16% below-the-line. IBEX35 Chart CAC40 Daily – Arcelor Mittal (MT), Louis Vuitton (LVMH) and Thales (TCFP) leading the top gainers chart According to Investing.com Arcelor Mital (MT) gained the most over last day of trading. The mining company increased 2.27%. Brand known by more probably – Louis Vuitton (LVMH) – went up by 1.77%. The last of top 3 companies today is Thales (TCFP). This multisector company gained 1.67%. Analysis: Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM IBEX35 Daily – Repsol (REP), Telefonica (TEF) and Arcelor Mittal (MTS) Repsol – energy company performed really well today gaining 3.36%. Communication company Telefonica is also 3% higher. Arcelor Mittal which dominated the list of CAC40 gainers impressed analytics in Spain as well increasing by 2.32% Source and Data: NPR, Investing.com, TradingView.com Charts: Courtesy of TradingView.com