Hello everyone,
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
So, what happens last week?
Monday to Wednesday: During the beginning of the week, the $GER30 ranged between 15250 and 15320, waiting for the decision of the FED. That is why, I took some position to take some profits of the range.
Thursday to Friday: $GER30 faced the fear of investors. Inflation is coming and despite what the FED say, the market will take it into account. Thus, $GER30 fall a little bit during those days.
Some persons may have noticed that I took a selling position on $NSDQ100 on Tuesday… My goal was to take advantage of the fall which occurred after the FED decision but unfortunately my position got close by my breakeven stop loss (after a move of 100 points, I put my stop loss to breakeven but it was too early).
My perspective for next week: Honestly next week is hard to analyse. I have difficulties to see a good news which could cause the $GER30 to have a big rise, in my opinion the fall is more realistic. Nevertheless, a range is clearly possible.
What to follow next week?
Globally:
- The situation in India and the possible discovery of an Indian coronavirus case in Germany or in Europe.
- Inflation: the rise of petrol and other raw material.
- The US 10 years interest rates.
Day by day:
- Monday: German Manufacturing PMI;
- Tuesday: GBP Manufacturing PMI and US Trade Balance ;
- Wednesday: US ADP Non farm payroll and US Crude Oil;
- Thursday: UK interest rates and US: initial jobless claims.
- Friday: German Industrial Production and Trade Balance, US Non farm payroll and unemployment rate.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
So, what happens last week?
Monday to Wednesday: During the beginning of the week, the $GER30 ranged between 15250 and 15320, waiting for the decision of the FED. That is why, I took some position to take some profits of the range.
Thursday to Friday: $GER30 faced the fear of investors. Inflation is coming and despite what the FED say, the market will take it into account. Thus, $GER30 fall a little bit during those days.
Some persons may have noticed that I took a selling position on $NSDQ100 on Tuesday… My goal was to take advantage of the fall which occurred after the FED decision but unfortunately my position got close by my breakeven stop loss (after a move of 100 points, I put my stop loss to breakeven but it was too early).
My perspective for next week: Honestly next week is hard to analyse. I have difficulties to see a good news which could cause the $GER30 to have a big rise, in my opinion the fall is more realistic. Nevertheless, a range is clearly possible.
What to follow next week?
Globally:
- The situation in India and the possible discovery of an Indian coronavirus case in Germany or in Europe.
- Inflation: the rise of petrol and other raw material.
- The US 10 years interest rates.
Day by day:
- Monday: German Manufacturing PMI;
- Tuesday: GBP Manufacturing PMI and US Trade Balance ;
- Wednesday: US ADP Non farm payroll and US Crude Oil;
- Thursday: UK interest rates and US: initial jobless claims.
- Friday: German Industrial Production and Trade Balance, US Non farm payroll and unemployment rate.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre