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.
I didn't succeed to insert the picture showing the link between GER30 and US 10Y BONDS so I share the link to the image at the end (if you know how to do that, can you please let me a comment or a private message?)
The $GER30 gets close to the resistance of 14100 and broke the support of 13900 getting up to 13700 new support and finally end the week in the middle waiting (between 13700 and 13900).
We can say that it follows quiet well my perspectives for this week.
This week I won’t make an analysis for each day because the GER30 variations where closely linked to US 10Y Bonds and also Europeans Bonds.
You can check the diagram to see that they are correlated.
The bonds rise to a level where they can compete with the stocks in comparison with the token risk.
My perspectives for next week are a bit different than last week. I think Bonds are going to stabilize at this level and it will create movements on the market but in the end we will stay in the big range 13700 - 14100 with a small uptrend which will rise to 13900.
What to follow next week?
At first, the US Bond during the whole week and the German and French Bonds also.
Then:
- Monday: Manufacturing PMI of China, Europe and US which will give a good overview of the health of manufacturing all over the world.;
- Tuesday: RBA interest rates (with a potential impact on GBP pairs) and European CPI for February.
- Wednesday: ADP US non farm employment change and Crude Oil inventories
- Thursday: US new unemployed indicator
- Friday: US unemployed indicator and rate.
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
Stay safe,
Alexandre
https://alexandreponstrading.files.wordpress.com/2021/02/schema-ger30.png
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.
I didn't succeed to insert the picture showing the link between GER30 and US 10Y BONDS so I share the link to the image at the end (if you know how to do that, can you please let me a comment or a private message?)
The $GER30 gets close to the resistance of 14100 and broke the support of 13900 getting up to 13700 new support and finally end the week in the middle waiting (between 13700 and 13900).
We can say that it follows quiet well my perspectives for this week.
This week I won’t make an analysis for each day because the GER30 variations where closely linked to US 10Y Bonds and also Europeans Bonds.
You can check the diagram to see that they are correlated.
The bonds rise to a level where they can compete with the stocks in comparison with the token risk.
My perspectives for next week are a bit different than last week. I think Bonds are going to stabilize at this level and it will create movements on the market but in the end we will stay in the big range 13700 - 14100 with a small uptrend which will rise to 13900.
What to follow next week?
At first, the US Bond during the whole week and the German and French Bonds also.
Then:
- Monday: Manufacturing PMI of China, Europe and US which will give a good overview of the health of manufacturing all over the world.;
- Tuesday: RBA interest rates (with a potential impact on GBP pairs) and European CPI for February.
- Wednesday: ADP US non farm employment change and Crude Oil inventories
- Thursday: US new unemployed indicator
- Friday: US unemployed indicator and rate.
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
Stay safe,
Alexandre
https://alexandreponstrading.files.wordpress.com/2021/02/schema-ger30.png