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New week. Asia mixed. btc$ @ 57k.
Today new decision in Germany to prolong the lockdown awaited (afternoon)
US FED Powell speech 14:00 CET.
Turkish LIRA in free fall after the finance chief had been fired yesterday.
DAX starts cash 9:00 within the lower range of Friday - but gets out south in the first minutes...
Looks like we see red during the day.
DAX short 9:30 to 14:00
entry @ 14609
exit @
result
Asia mixed.
EU - Lagarde speech 10:30. US GDP annualised 13:30 - no change awaited.
Germany - political problems of yesterday's new Corona restrictions over Easter and then taking back the decisions cause insecurity at the stock markets. There seems no plan in Germany on how to stabilize the economy during the Corona crisis. That seems the basis of the sideways moves during the last weeks.
DAX long 9:30 to 13:30
entry @ 14583
exit @ 14553 (SL) **
result -30 points
GFIs1
** the dark red 1h candle of 12:00 was after a speech of Jerome Powell who said if the US economy gets soon on the feet again, the interest rates must be examined again - meaning a rising interest out of the lows could be closer than the markets expected.
This week was not good - to much negative influence of German politics.
Looking to take a trade tomorrow.
Will trade next week eventually the last day of March on Wednesday. Otherwise in that Easter week we will find very low volumes - thus erratic moves are possible.
