Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

French stocks near the next key technical juncture amid a further drop today

June 14, 2024 at 09:00AM
It was just last month that French stocks threatened fresh record highs. But after the political events since last weekend, it has been a torrid week for equities in the region. The CAC 40 index in particular is set for its biggest weekly fall since September 2022, with today adding another 1.2% decline.

The index had already broken below its 100-day moving average (red line) to open the week. And now, it is targeting a test of its 200-day moving average (blue line) next. That’s a key technical level to watch as the last time the index traded below both the key daily moving averages was all the way back in November last year.

A break below the key level will see sellers feel even more vindicated, with the January low near 7,300 being the next plausible target.

This article was written by Justin Low at www.forexlive.com.

French stocks near the next key technical juncture amid a further drop today