CAC 40

Key insight

8,100 is the line: break above opens 8,350 (2026 swing high); failure sends CAC back to the 7,900 50-day MA. Gold at 4,382 and EUR/USD at 1.1487 signal risk-on flows that could tip the balance higher.

Holds 8,069 with a +0.2% drift — matching DAX and S&P gains — but stalls below the 8,100 round-number resistance that has capped every rally attempt since June 2026.

Main risk

EUR/USD strength vs. CAC exporters

EUR/USD at 1.1487 squeezes LVMH, Airbus, and TotalEnergies margins — each 1% EUR rise cuts large-cap EPS ~0.5–0.8%.