France Manufacturing Confidence is falling
France May Manufacturing Confidence was much lower than expected.
Share this:
This morning, France May Manufacturing Confidence was released at 70, much lower than the 85 expected. On its side, the May Consumer Confidence was published slightly higher than the 92 expected, at 93. French Q2 GDP may also fall by 20%, according to INSEE.
From a technical point of view, on an intraday chart, EUR/USD has broken below an internal rising trend line and stands below its moving average (in blue). Readers may therefore consider the potential for further weakness below resistance at 1.0975. The nearest threshold would be set at horizontal support at 1.0940 and a second one would be set at set at horizontal support at 1.0930 in extension.
Source: TradingView, GAIN Capital
This morning, France May Manufacturing Confidence was released at 70, much lower than the 85 expected. On its side, the May Consumer Confidence was published slightly higher than the 92 expected, at 93. French Q2 GDP may also fall by 20%, according to INSEE.
From a technical point of view, on an intraday chart, EUR/USD has broken below an internal rising trend line and stands below its moving average (in blue). Readers may therefore consider the potential for further weakness below resistance at 1.0975. The nearest threshold would be set at horizontal support at 1.0940 and a second one would be set at set at horizontal support at 1.0930 in extension.
Source: TradingView, GAIN Capital
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
Japanese Yen Forecast: USD/JPY 4% Rally Challenges Post-Intervention Downtrend 9 24 2026
USD/JPY momentum has shifted sharply higher, putting a major resistance confluence in focus as U.S. and Japanese event risk builds.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.