GER30 Upbeat After a Solid Start to the Year
GER30 – H4
During the last year, only four months were negative and the German index failed to register record highs in just three of them. The new year started on front foot as broader sentiment seems to be constructive, while the Euro's poor start has also been supportive.
The economic data have also been encouraging, as German Retail Sales rose 0.6% m/m in November, compared to -0.5% prior (revised form -0.3%).
GER30 has now entered its third straight profitable week and has November's record highs (16,302) in its crosshairs, but a pullback may be needed before it is able to set new ones and look towards 16,500.
Despite the solid start to the day, the index shows signs of exhaustion and the Relative Strength Index does not follow the higher highs, creating risk for downward pressure. This could lead to the broader 15,859-00 area, but a strong catalyst would be required for a deeper correction and a test of the EMA200 (at around 15,700-15,671).
Past Performance: Past Performance is not an indicator of future results.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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