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, etc. In essence, the index includes the most valuable and advanced companies in Germany, the largest economy in Europe.
- EVENT (THURSDAY, DECEMBER 12, 2024, 14:15 GMT): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE DECISION. The European Central Bank (ECB) is scheduled to convene on Thursday, December 12th, to make its interest rate decision. The ECB cut its benchmark interest rate in October from 3.65% to the current 3.40%, 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.
- EUROZONE INFLATION: 2.0%. Inflation in the Eurozone in October rose to 2.0% from the previous 1.7%. This is on line with the ECB target of 2.00%. If the downtrend 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.
- GER40 INDEX HIT AN ALL- TIME HIGH OF 19,800.0 (OCTOBER 17, 2024). Most recent interest rate cuts in the Eurozone have supported the GER40 index positively, as the index managed to rise to fresh all-time highs after the interest rate cut cycle in the Eurozone began on June 6, 2024.
GER40, November 11, 2024
Current Price: 19,500
|
GER40 |
Weekly |
|
Trend direction |
|
|
20,900.0 |
|
|
20,400.0 |
|
|
19,900.0 |
|
|
19,200.0 |
|
|
19,050.0 |
|
|
18,900.0 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $2 |
14,940.52 |
9,604.62 |
4,268.72 |
-3,201.54 |
-4,802.31 |
-6,403.08 |
|
Profit or loss in € |
14,000.00 |
9,000.00 |
4,000.00 |
-3,000.00 |
-4,500.00 |
-6,000.00 |
|
Profit or loss in £2 |
11,596.90 |
7,455.15 |
3,313.40 |
-2,485.05 |
-3,727.58 |
-4,970.10 |
|
Profit or loss in C$2 |
20,813.74 |
13,380.26 |
5,946.78 |
-4,460.09 |
-6,690.13 |
-8,920.17 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 10:57 (GMT+1) 11/11/2024
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.