{"id":120536,"date":"2018-01-29T09:45:25","date_gmt":"2018-01-29T14:45:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=120536"},"modified":"2018-06-01T15:43:48","modified_gmt":"2018-06-01T15:43:48","slug":"france-cac40-strength-of-euro-may-worsen-european-economic-indicators","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/france-cac40-strength-of-euro-may-worsen-european-economic-indicators\/","title":{"rendered":"France CAC40: Strength of Euro may worsen European Economic Indicators"},"content":{"rendered":"
January 29, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

The strengthening of the euro may worsen the European economic indicators<\/strong><\/p>\n

The significant strengthening of the euro may have a negative impact on the European exports and industrial production. The French economic growth lags behind the eurozone economy as a whole. Will the \u0421\u0410\u0421 40 quotes<\/a> decline?<\/p>\n

France GDP in the Q3 of 2017 grew by 2.2% in annual terms, while the eurozone GDP – by 2.6%. The current account balance in France was minus 3.3 bln euros in November, and that of the eurozone – plus 37.8 bln euros. Other French economic indicators also look weaker than the pan-European ones. At the same time, over the last 3 months the CAC 40 index rose by 1.3%, and the pan-European ESTOXX 50 – by 0.3%.<\/p>\n

\"FR40\"<\/p>\n

On the daily timeframe, FR40: D1<\/b> is in the rising trend. It needs to breach down the support line in order to open a Sell position. A complete downward correction is possible in case of making a profit.<\/p>\n