{"id":26298,"date":"2022-04-22T13:25:00","date_gmt":"2022-04-22T12:25:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=26298"},"modified":"2022-04-22T14:48:06","modified_gmt":"2022-04-22T13:48:06","slug":"markets-focus-on-french-presidential-election-on-sunday","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/","title":{"rendered":"Markets focus on French Presidential Election on Sunday"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Midday Update<\/strong><\/p>

The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting. Moreso, investors focus on the Sunday final presidential election run-off between the incumbent President Emmanuel Macron and Marie Le Pen. US Treasury, Janet Yellen, and ECB president Lagarde will be speaking in the New York session.<\/p>

USDCAD<\/a> extended gains by +0.79% early European session as hawkish interest rate sentiments boost the Dollar. The pair was trading at 1.2680 after breaching the 1.2675, a monthly high. If bulls manage to hold above the near-term high, a further upside movement could be experienced as the Canadian dollar remains underpinned by falling commodity prices. Investors focus on the US PMI data and Core Retail sales for Canada due for release in the New York session.<\/p>

AUDUSD<\/a> plummeted by -0.95% early European session as the dollar continued a bid. The AUDUSD broke below critical support at 0.73500 reinforcing a bearish outlook in the near term. A break below the 0.7300 psychological barriers may open room for lower targets for sellers towards 0.72000.<\/p>

The GBPCHF<\/a> dropped -1.00% from a 2-months high at 1.2420 during the European session as UK services PMI missed expectations. The Services PMI forecast was 60% and the actual dropped to 58.3% while Manufacturing PMI also dropped from a forecast of 59% to 55.3%.<\/p>

The pair trimmed Thursday\u2019s gains as bulls lost steam below the 1.24500 near-term high and the price is currently trading at a 1.23000 psychological support which coincides with a 50-day moving average on a 4-hour chart. A defence of that area may see bulls attempting to recover losses.<\/p>

The GBPJPY<\/a> plunged by -1.14% as bulls lost steam after slightly sweeping the 168.00 6-year high. The pair took a corrective move towards the 164.500, previously broken resistance. The negative fundamentals surrounding the pound may see carry trades unwinding in the near term. A break below the 164.500 near-term support may see bears targeting the 162.45 area.<\/p>

European equities were mixed early European session. The FTSE<\/a> was unchanged as the index trimmed gains to +0.05% as bulls faced a 7600 near-term barrier. DAX<\/a> dropped by -1.79% leaving a price action gap between 14372.00 and 14500 on Friday. The CAC40<\/a> was up +0.33% as investors found near-term support at 6557 ahead of the 24th of April presidential election.<\/p>

US stocks reversed gains on Thursday as interest rate hike sentiments were reinforced by Fed chair Powell\u2019s speech. The S&P 500 futures<\/a> were down -0.24% early European session trading at a 4365.00 near-term low. The Nasdaq futures<\/a> dropped -0.28% pre bell breaking below a 13750 near-term support.<\/p>

The Dow Jones Industrial index<\/a> tumbled by -0.24% as bulls failed to hold above 35388.25 on Thursday, a 30 March high. Critical areas to watch are the 34600.00 near-term support and 34000 area.<\/p>

On commodities, oil <\/a>was down -1.38% from a 104 near-term resistance. A break above that area may see bulls target 108.00 high. Brent<\/a> dropped by -1.44% and the trend is currently rangebound between 109.96 and 105 support area.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Midday Update The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting. Moreso, investors focus on the Sunday final presidential election run-off between the incumbent President Emmanuel Macron and Marie Le Pen. […]<\/p>\n","protected":false},"author":4,"featured_media":26300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[59,453,213,605,658,164,307],"yoast_head":"\nMarkets focus on French Presidential Election on Sunday - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets focus on French Presidential Election on Sunday Markets focus on French Presidential Election on Sunday\" \/>\n<meta property=\"og:description\" content=\"The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-22T12:25:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-22T13:48:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1356583356.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"559\" \/>\n\t<meta property=\"og:image:height\" content=\"295\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Markets focus on French Presidential Election on Sunday Markets focus on French Presidential Election on Sunday\" \/>\n<meta name=\"twitter:description\" content=\"The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Markets focus on French Presidential Election on Sunday\",\"datePublished\":\"2022-04-22T12:25:00+00:00\",\"dateModified\":\"2022-04-22T13:48:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\"},\"wordCount\":498,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"CAC\",\"CAD\",\"CENTRAL BANK\",\"EUR\",\"France\",\"PMI\",\"USD\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\",\"url\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\",\"name\":\"Markets focus on French Presidential Election on Sunday - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-04-22T12:25:00+00:00\",\"dateModified\":\"2022-04-22T13:48:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets focus on French Presidential Election on Sunday\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Markets focus on French Presidential Election on Sunday - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/","og_locale":"en_GB","og_type":"article","og_title":"Markets focus on French Presidential Election on Sunday Markets focus on French Presidential Election on Sunday","og_description":"The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting.","og_url":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-04-22T12:25:00+00:00","article_modified_time":"2022-04-22T13:48:06+00:00","og_image":[{"width":559,"height":295,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1356583356.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Markets focus on French Presidential Election on Sunday Markets focus on French Presidential Election on Sunday","twitter_description":"The markets experienced risk-off sentiments, as the dollar retreated to multisession highs. The Fed chairman Jerome Powell set a hawkish tone on Wednesday after confirming a 50bps possibility at the May policy meeting.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Markets focus on French Presidential Election on Sunday","datePublished":"2022-04-22T12:25:00+00:00","dateModified":"2022-04-22T13:48:06+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/"},"wordCount":498,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["CAC","CAD","CENTRAL BANK","EUR","France","PMI","USD"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/","url":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/","name":"Markets focus on French Presidential Election on Sunday - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-04-22T12:25:00+00:00","dateModified":"2022-04-22T13:48:06+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/markets-focus-on-french-presidential-election-on-sunday\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Markets focus on French Presidential Election on Sunday"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26298"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=26298"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/26300"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=26298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=26298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=26298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}