{"id":143663,"date":"2019-03-15T10:18:27","date_gmt":"2019-03-15T14:18:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143663"},"modified":"2019-03-15T07:19:38","modified_gmt":"2019-03-15T11:19:38","slug":"fr40-analysis-positive-french-data-bullish-for-french-stock-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/fr40-analysis-positive-french-data-bullish-for-french-stock-market\/","title":{"rendered":"FR40 Analysis: Positive French data bullish for French Stock Market"},"content":{"rendered":"
March 15, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Positive French data bullish for FR40<\/strong><\/p>\n

French retail sales increase and private business sector expansion were better than expected. Will the FR40 <\/a> advance continue?<\/p><\/blockquote>\n

Recent French economic data were better than expected after February inflation preliminary report: manufacturing sector expansion picked up pace in February with services sector also recording an expansion following a contraction in January, and retail sales in January rose 2.3% over year after 1.2% increase in December. At the same time consumer inflation edged up: headline inflation ticked up to 1.3% in February from 1.2% the previous month. Positive French data are bullish for FR40.<\/p>\n

\"FR40<\/p>\n

On the daily timeframe FR40: D1 <\/b> is retracing higher after hitting 27-month low in the end of December 2018, and has risen above the 200-day moving average MA(200). The price is rising after breaching above the Fibonacci 61.8 level. These are bullish developments.<\/p>\n