Chart of the day - FRA40 (13.06.2022)

8:22 AM 13 June 2022

The first round of French parliamentary elections was held yesterday. Preliminary results showed that leftwing alliance led by Jean-Luc Melenchon is in the lead with 25.6% of votes. It came slightly ahead of the centrist bloc represented by President Macron, which received 25.2% support. The second round of voting will be held on Sunday, June 19. Flash results of the first round signal that there is a real possibility of centrists losing majority in the parliament, what will make running the country more difficult for Macron and implement planned reforms, like increase in retirement age or changes to unemployment benefits. Politicians from the centrist bloc said that turnout was a key issue that weighed on its results as it is estimated to have reached a record low of around 47%. This shows that the French nation is growing more weary and angry with the whole political class, which is unable to cope with problems like rising costs of living.

French CAC40 (FRA40) launched a new week's trading lower. However, the move is more likely a result of overall downbeat attitude in the markets, rather than results of the first round of parliamentary elections. Taking a look at the index at D1 interval, we can see that FRA40 is trading within the support zone ranging below 23.6% retracement of the Q1 2022 drop. Bulls are trying to prevent a break below 6,050 pts, marking early-May low. A break below would pave the way for a drop towards the early-March low in the 5,750 pts area.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

Source: xStation5

Share:
Back
Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language