DAX week 23

13 giu 2021

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.

First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
babypips.com/trading/5-lessons-traders-learned-after-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.

So, what happens last week?
Monday to Tuesday, the market wait for the ECB meeting & US inflation.
Wednesday, as the news get closer, the market got a bit afraid and anticipated a bad news (that is why I closed some position at this moment)
Thursday, facing the news the market doesn’t react at all! It is as if both side are thinking there are right (temporary inflation and long term inflation)
Friday: A car manufacturers waves occurred but I was not able to find the reason (I’m interested if someone has a clue).

This week, I redistributed parts of my positions on GER30. I closed some positions at the bottom of the week and opened a new one at the end of the week.

This week, I won’t give any biais on next week because it may be an events week with 6 important events planned:
- UK Saturday announcement ;
- End of G7 meeting ;
- US vs Eurozone meeting ;
- US vs Russia meeting ;
- FED interest rates;
- Quadruple witching day!
But don’t forget the red line, It could be useful.

What to follow next week?
Globally (still the same):
- Indian variant is spreading all around Europe, the impact is currently seen in UK where they are seriously changing the step of the unlockdown process (it may have a big impact on UK100 on Monday and maybe on GER30 also);
- Inflation: the rise of petrol (OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on NSDQ100);
- The transaction volumes.
Day by day :
- Sunday: end of G7 meeting
- Monday: Industrial Production: Japan, Eurozone;
- Tuesday: Meeting between European Union and US at Brussel, UK unemployment, US: PPI, Core &/ Retail Sales, German & French CPI;
- Wednesday (big day): Meeting between Biden and Poutine + FED Interest rates Decision, China Unemployment rate and Industrial Production, UK & Canadian CPI, US Crude Oil;
- Thursday: Eurozone CPI, US Initial Jobless Claims
- Friday (quadruple witching day… important volume): German PPI

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