{"id":173334,"date":"2020-07-08T08:30:25","date_gmt":"2020-07-08T12:30:25","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173334"},"modified":"2020-07-08T07:55:30","modified_gmt":"2020-07-08T11:55:30","slug":"fr40-analysis-better-than-expected-french-data-bullish-for-fr40","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/fr40-analysis-better-than-expected-french-data-bullish-for-fr40\/","title":{"rendered":"FR40 Analysis: Better than expected French data bullish for FR40"},"content":{"rendered":"
July 8, 2020<\/div>
\r\n<\/div><\/div>

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

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

French economic data in the last couple of weeks were positive on balance. According to Markit, France\u2019s Manufacturing PMI increased to 52.3 in June of 2020 from 40.6 in May, better than market expectations of 52.1. And Services PMI increased to 50.7 in June from 31.1 in May, when a reading of 50.3 was expected. Readings above 50 indicate activities expansion, below indicate contraction. So the contraction in private business sector halted and an expansion was achieved. Better data are bullish for FR40. At the same time deficits of both trade balance and current account widened in May when a narrowing was expected. Deterioration of France\u2019s economic performance is a downside risk for stock market index.<\/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>\nSell<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(50)<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nNeutral<\/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 5120.47<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 4793.80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

By IFCMarkets Better than expected French data bullish for FR40 French economic data in the last couple of weeks were positive on balance. According to Markit, France\u2019s Manufacturing PMI increased to 52.3 in June of 2020 from 40.6 in May, better than market expectations of 52.1. And Services PMI increased to 50.7 in June from […]<\/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-173334","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173334","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=173334"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173334\/revisions"}],"predecessor-version":[{"id":173343,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173334\/revisions\/173343"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}