DAX week 17

١ مايو ٢٠٢١

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