GER40 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, SEPTEMBER 12, 2024, 13:15 GMT+1): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE CUT DECISION. The decision will be followed by a press conference at 13:45 GMT+1. 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. The benchmark interest rate in the Eurozone is now expected to be slashed to 3.65% from the current 4.50% (marking a cut of 0.6% points). 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: 1.9%. Inflation in Germany has fallen to 1.9% in August (below ECBs target of 2.00%), down from 2022’s peak of 10.4%. Meanwhile, Inflation in the Eurozone in August fell to 2.2% 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.
- GER40 INDEX HIT AN ALL-TIME HIGH OF 19,033 (SEPTEMBER 3, 2024). Most recent interest rate cut in the Eurozone has supported the GER40 index positively as the index managed to rise to fresh all-time high some three months after the cut of 0.25% points on June 6, 2024.
GER40, September 9, 2024
Current Price: 18,400
|
GER40 |
Weekly |
|
Trend direction |
|
|
20,000 |
|
|
19,500 |
|
|
19,000 |
|
|
17,900 |
|
|
17,700 |
|
|
17,500 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $2 |
17,673 |
12,150 |
6,627 |
-5,523 |
-7,732 |
-9,941 |
|
Profit or loss in € |
16,000 |
11,000 |
6,000 |
-5,000 |
-7,000 |
-9,000 |
|
Profit or loss in £2 |
13,506 |
9,286 |
5,065 |
-4,221 |
-5,909 |
-7,597 |
|
Profit or loss in C$2 |
23,978 |
16,485 |
8,992 |
-7,493 |
-10,490 |
-13,487 |
- 1.00 lot is equivalent of 10 units
- Calculations for exchange rate used as of 10:00 (GMT+1) 09/09/2024
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.