{"id":171221,"date":"2020-05-28T11:45:41","date_gmt":"2020-05-28T15:45:41","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171221"},"modified":"2020-05-28T06:47:28","modified_gmt":"2020-05-28T10:47:28","slug":"fr40-analysis-better-than-forecast-french-data-bullish-for-fr40","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/fr40-analysis-better-than-forecast-french-data-bullish-for-fr40\/","title":{"rendered":"FR40 Analysis: Better than forecast French data bullish for FR40"},"content":{"rendered":"
May 28, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Better than forecast French data bullish for FR40<\/strong><\/p>\n

French economic data in the last couple of weeks painted a picture of an economy in dire straits but showing signs of easing of the steep downturn. According to Markit, France\u2019s Manufacturing PMI increased to 40.3 in May of 2020 from a record low of 31.5 in April, better than market expectations of 36.1. And Services PMI increased to 29.4 in May of 2020 from a record low of 10.2 in April, when a reading of 27.8 was expected. Readings above 50 indicate activities expansion, below indicate contraction. So while contraction in private business sector continued it slowed. Better data are bullish for FR40. At the same time deterioration of France\u2019s economic performance is a downside risk: France’s economy is on course to contract 20% over quarter in the second quarter, the INSEE official statistics agency estimates.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
MA(50)<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 4707.51<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 4189.58<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Better than forecast French data bullish for FR40 French economic data in the last couple of weeks painted a picture of an economy in dire straits but showing signs of easing of the steep downturn. According to Markit, France\u2019s Manufacturing PMI increased to 40.3 in May of 2020 from a record low of […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-171221","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=171221"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171221\/revisions"}],"predecessor-version":[{"id":171235,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171221\/revisions\/171235"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}