GER 40 Index Weekly Special Report based on 1.00 Lot Calculation:
- The GER40 index represents the DAX 40 index in Germany, which includes companies such as Adidas, Bayer, Daimler, Deutsche Bank, Siemens, BMW, E.ON and etc. In essence, the index includes the most valuable and advanced companies in Germany, the largest economy in Europe.
- EVENT (SUNDAY, JULY 7): FRENCH PARLIAMENTARY ELECTIONS (ROUND 2). Although the first round on June 30 showed that the far-right (Eurosceptics) were building a decent advantage to President Emmanual Macron’s party, still the market participants don’t believe that Marine Le Pen’s far-right party will have enough to form up a ruling majority in the parliament. This could bring optimism back to the European markets, which in turn it could support positively the GER40 index as well.
- EVENT (THURSDAY, JULY 18, 2024, 13:15 GMT+1): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE DECISION. The decision will be followed by a press conference at 13:45 GMT+1. The European Central Bank (ECB) is scheduled to convene on Thursday, July 18th to make its interest rate decision. The ECB cut its benchmark interest rate in June from 4.5% to the current 4.25%, and investors expect the ECB could continue with their rate cutting cycle on. If the ECB does decide on an interest rate cut, this could push the GER40 higher as borrowing costs for businesses could become lower and therefore allow for the economy to grow and expand.
- GERMAN INFLATION: 2.2%. Inflation in Germany has fallen to 2.2% in June down from 2022’s peak of 10.4%. Meanwhile, Inflation in the Eurozone in June fell to 2.5% from previous 2.6%. If the trend continues on, the ECB could become more confident in its interest rate cut cycle, which could in return, further provide support to the European stock market. The GER40 index in Germany could also receive positive support.
GER40, July 4, 2024
Current Price: 18,600
|
GER40 |
Weekly |
|
Trend direction |
|
|
20,000 |
|
|
19,500 |
|
|
19,000 |
|
|
18,300 |
|
|
18,150 |
|
|
18,000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $2 |
15,116 |
9,718 |
4,319 |
-3,239 |
-4,859 |
-6,478 |
|
Profit or loss in € |
14,000 |
9,000 |
4,000 |
-3,000 |
-4,500 |
-6,000 |
|
Profit or loss in £2 |
11,847 |
7,616 |
3,385 |
-2,539 |
-3,808 |
-5,077 |
|
Profit or loss in C$2 |
20,587 |
13,235 |
5,882 |
-4,412 |
-6,617 |
-8,823 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 09:17 (GMT+1) 04/07/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.