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 (TUESDAY, DECEMBER 10 AT 07:00 GMT): GERMANY CONSUMER PRICE INDEX (CPI) (NOVEMBER). Inflation for the Germany economy is low and hovering around 2%. A low inflation can lead to lower interest rates which can create upward pressures for the GER40.
- EVENT (THURSDAY, DECEMBER 12 AT 13:15 GMT): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE CUT DECISION. The decision will be followed by a press conference at 13:45 GMT. 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. The benchmark interest rate in the Eurozone is now expected to be slashed below 3.40%. 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.
- GER40 INDEX HIT AN ALL- TIME HIGH OF 20,457 (DECEMBER 06, 2024): THE INDEX HAS RISEN AROUND 14% SINCE ECB STARTED CUTTING INTEREST RATES IN JUNE 2024. Further interest rate cuts on December 12 are being priced in by the market in advance which is creating upward pressure for the indices.
GER40, December 06, 2024
Current Price: 20,420
|
GER40 |
Weekly |
|
Trend direction |
|
|
21,600 |
|
|
21,200 |
|
|
20,870 |
|
|
20,000 |
|
|
19,900 |
|
|
19,800 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
12,486.88 |
8,254.04 |
4,761.95 |
-4,444.48 |
-5,502.69 |
-6,560.90 |
|
Profit or loss in €2 |
11,800.00 |
7,800.00 |
4,500.00 |
-4,200.00 |
-5,200.00 |
-6,200.00 |
|
Profit or loss in £2 |
9,777.91 |
6,463.37 |
3,728.86 |
-3,480.27 |
-4,308.91 |
-5,137.55 |
|
Profit or loss in C$2 |
17,594.32 |
11,630.15 |
6,709.70 |
-6,262.39 |
-7,753.43 |
-9,244.47 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 14:20 (GMT) 06/12/2024
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.