Dax week 15 analysis
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?
I will call last week a « calm week », waiting for news from the companies which will arrive next week.
Monday: It was a holiday and we saw a start of profit taking in the evening in some asian indices.
Tuesday: The futures anticipated a very high start with a new high forGER30 thinking it will cover the missing rise of the previous Friday and Monday. That is why I decided to take a position at the highest point of the week. Then, the day finishes with low gains.
Wednesday, Thursday and Friday: No event took the lead on the market, it stay in a range around 15200.
The market is waiting for the push over 15300 or the pull back under 15000 thus most of the investors are currently keeping the position.
My perspectives for next week in line with my previous sentence.
The FED director give today an interview talking of a new wave in US which could lead to a take profit this week, but with the current situation the market could react at the total opposite direction.
My view for this week is a take profit towards 14600 - 14700.
What to follow next week?
- Monday: European Retail Sales, US : 10 Year Note Auction and Federal Budget Balance;
- Tuesday: UK Manufacturing Production, German ZEW Economic sentiment, US Core CPI;
- Wednesday: European Industrial Production and US Crude Oil Inventories
- Thursday (Big day like always):
- Australian Employment change;
- US: initial jobless claims Core retail sales, retail sales.
- Friday: Chinese industrial production, European CPI.
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?
I will call last week a « calm week », waiting for news from the companies which will arrive next week.
Monday: It was a holiday and we saw a start of profit taking in the evening in some asian indices.
Tuesday: The futures anticipated a very high start with a new high for
GER30 thinking it will cover the missing rise of the previous Friday and Monday. That is why I decided to take a position at the highest point of the week. Then, the day finishes with low gains.Wednesday, Thursday and Friday: No event took the lead on the market, it stay in a range around 15200.
The market is waiting for the push over 15300 or the pull back under 15000 thus most of the investors are currently keeping the position.
My perspectives for next week in line with my previous sentence.
The FED director give today an interview talking of a new wave in US which could lead to a take profit this week, but with the current situation the market could react at the total opposite direction.
My view for this week is a take profit towards 14600 - 14700.
What to follow next week?
- Monday: European Retail Sales, US : 10 Year Note Auction and Federal Budget Balance;
- Tuesday: UK Manufacturing Production, German ZEW Economic sentiment, US Core CPI;
- Wednesday: European Industrial Production and US Crude Oil Inventories
- Thursday (Big day like always):
- Australian Employment change;
- US: initial jobless claims Core retail sales, retail sales.
- Friday: Chinese industrial production, European CPI.
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
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