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.
Reminder of my prevision of last week: « My perspectives for next week are a rise over the 14100 support towards the 14300 new support in the beginning of the week (Monday and Tuesday) use to the Senate acceptance of the US Covid plan which occurred few hours ago and then a fall to 14100 or 13900 because of the rise of US bonds. »
I was good on the first part of the week. Even a bit pessimistic. But wrong on the end. Even my advise of Thursday went wrong!
What happens?
Monday: The acceptance of the covid plan by Senate had a big impact on the GER30 which rises to around 14400.
Tuesday: OCDE rose is prevision of growth for mondial economy, thus, it pushed all the stocks which hadn’t move on Monday to rise. $GER30 finished around 14500.
Wednesday: Good news on US Bonds pushed the GER30 to a new top at almost 14600, which seems to be an important resistance.
Thursday: ECB talked and decided not to change the interest rates. It also presented the forecast for Europe and US for the coming years and the European forecast are much worse than in the US.
That explained the flat day today while US Stonks were flying.
Friday: The US production price, the US bond and the 4 green days before pushed it down (as I was expecting it on my post of Thursday evening). GER30 was pushed a little bit higher in the end due to good prevision for next week.
My perspectives for next week are GER30 will not break the resistance of 14600 and it may stay between 13900 and 14600. That’s why I am currently short on $GER30.
What to follow next week?
At first, like the weeks before: the US Bond during the whole week and the German and French Bonds also.
Then:
- Monday: The industrial production of China in February;
- Tuesday: German Economic sentiment.
- Wednesday: European CPI of February and US Crude Oil Inventories & !! US Interest rate Decision !!
- Thursday: Bank of England interest rates & US new unemployed indicator
- Friday: Australian retail sales.
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
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.
Reminder of my prevision of last week: « My perspectives for next week are a rise over the 14100 support towards the 14300 new support in the beginning of the week (Monday and Tuesday) use to the Senate acceptance of the US Covid plan which occurred few hours ago and then a fall to 14100 or 13900 because of the rise of US bonds. »
I was good on the first part of the week. Even a bit pessimistic. But wrong on the end. Even my advise of Thursday went wrong!
What happens?
Monday: The acceptance of the covid plan by Senate had a big impact on the GER30 which rises to around 14400.
Tuesday: OCDE rose is prevision of growth for mondial economy, thus, it pushed all the stocks which hadn’t move on Monday to rise. $GER30 finished around 14500.
Wednesday: Good news on US Bonds pushed the GER30 to a new top at almost 14600, which seems to be an important resistance.
Thursday: ECB talked and decided not to change the interest rates. It also presented the forecast for Europe and US for the coming years and the European forecast are much worse than in the US.
That explained the flat day today while US Stonks were flying.
Friday: The US production price, the US bond and the 4 green days before pushed it down (as I was expecting it on my post of Thursday evening). GER30 was pushed a little bit higher in the end due to good prevision for next week.
My perspectives for next week are GER30 will not break the resistance of 14600 and it may stay between 13900 and 14600. That’s why I am currently short on $GER30.
What to follow next week?
At first, like the weeks before: the US Bond during the whole week and the German and French Bonds also.
Then:
- Monday: The industrial production of China in February;
- Tuesday: German Economic sentiment.
- Wednesday: European CPI of February and US Crude Oil Inventories & !! US Interest rate Decision !!
- Thursday: Bank of England interest rates & US new unemployed indicator
- Friday: Australian retail sales.
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
Stay safe,
Alexandre