In today’s Asian trading session, the German Benchmark Index, GER 40, maintained its position above the 18,100 level, reflecting a robust stance despite mixed signals from the broader European stock markets. The markets are reacting to the recent geopolitical developments where Israel’s defense systems effectively neutralized a significant threat by intercepting 99 percent of the missiles and drones launched by Iran in a recent overnight assault.
This high-stakes interception has largely averted immediate severe repercussions, with over 300 missiles and drones being involved and minimal damage reported. The focus among European nations now gravitates towards diplomatic and strategic measures to prevent any further escalations in the conflict.
Looking back at the previous trading session on Friday, European stocks exhibited a varied closing performance. Initially buoyed by optimistic trading, the markets eventually pared some gains following indications from the European Central Bank about a possible interest rate cut come June. This announcement has kept traders on edge, contemplating the potential impacts on market liquidity and investment strategies.
The pan-European STOXX 600 saw a marginal increase of 0.1 percent, while the UK’s FTSE 100 outperformed with a rise of 0.9 percent. On the contrary, Germany’s DAX and France’s CAC 40 slightly retreated, marking declines of 0.1 percent and 0.2 percent respectively.
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As the week unfolds, investors are advised to stay attuned to global economic indicators and geopolitical developments, utilizing advanced tools like AI to navigate the complexities of the financial markets effectively.
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 15/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 18394.8 | Daily R2 |
| Resistance 1 | 18319.5 | Daily R1 |
| Support 1 | 18118.5 | Daily S1 |
| Support 2 | 18043.2 | Daily S2 |
GER40 Indicator Table – 15/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
GER40 Indicator / Period Table – 15/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
GER40 15/04/2024 – Reference Price : 18201.0
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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