​​FTSE 100, DAX 40 and CAC 40 rally following first round of French legislative elections

Outlook on FTSE 100, DAX 40 and CAC 40 as an absolute majority for either the far right or far left looks unlikely.

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 84.73%, while traders in EUR/JPY are...

​Potential slips should find support between the 24 and 26 June highs and the 55-day SMA at 18,367 to 18,350. ​The French CAC 40 regained practically all of its last three days’ losses following the first round of the French legislative elections as a relief rally took the index to above its 200-day simple moving average at 7,636, close to last week’s high at 7,725 which so far caps. ​A rise above 7,725 would push the May-to-July downtrend line at 7,849 to the fore.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyFX /  🏆 305. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTSE 100, DAX 40 and CAC 40 try to Stabilize Following Thursday’s Sharp LossesOutlook on FTSE 100, DAX 40 and CAC 40 as large outflows continue to weigh on these major indices
Read more »

FTSE 100, DAX 40 and CAC 40 try to stabilize following last week’s sharp lossesOutlook on FTSE 100, DAX 40 and CAC 40 following last week’s large outflows.
Read more »

FTSE 100, DAX 40 and CAC 40 remain side-lined as US is shut for Juneteenth​​Outlook on FTSE 100, DAX 40 and CAC 40 amid low volume trading ahead of Thursday’s BoE meeting.
Read more »

FTSE 100, DAX 40 and CAC 40 Continue to Range Trade​​​Outlook on FTSE 100, DAX 40 and CAC 40 amid quiet start to the week.
Read more »

FTSE 100, DAX 40 rally on back of new record S&P 500 highOutlook on FTSE 100, DAX 40 as the S&P 500 continues to trade in all-time highs
Read more »

​​​FTSE 100, DAX 40 and S&P 500 Recover from Last Week’s Lows​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of probable 25 bps ECB rate cut.
Read more »