Markets

Weekly outlook: DAX closes at monthly high. Focus on gold and oil! – columns

Friday,
11/27/2020
17:56

from onemarkets blog

| Views: 92

The stock markets continued to pick up in the past week. However, the momentum eased noticeably in the second half of the week in view of the Thanksgiving holiday in the USA on Thursday. The DAX® closed with a weekly plus of 1.6 percent at 13,350 points and the EuroStoxx® 50 1.8 percent stronger at 3,530 points.

Next week there will again be a lot of economic data on the calendar. The focus is also on car manufacturers and retailers.

The bond market remained relatively calm throughout the week. The yields moved in a narrow range around the closing level from the previous Friday. So 10-year Bunds continue to yield minus 0.58 percent. With comparable papers in the US, investors receive 0.87 percent per year. Meanwhile, the precious metals showed clear movements. Gold and silver sold off dramatically. Gold lost around $ 100 to $ 1,780 and silver over six percent to $ 22.7 over the course of the week. Palladium and platinum went against the trend. This also applies to the price of oil. In the coming week, the OPEC + countries will meet to discuss the current production cuts. Experts estimate that they could be extended until the end of March. The price of a barrel of Brent Crude cracked the resistance level of US $ 46.30 last week and settled above US $ 48 at the end of the week.

Company in focus

Among the individual stocks in the DAX®, the shares of BASF, Continental and Infineon in great demand. Adidas, Deutsche Wohnen and VW on the other hand lost a lot. In the second row there were again numerous stocks that improved by double digits over the course of the week. These included Aixtron, K + S, Klöckner, Siltronic and ThyssenKrupp. The was also noticeably strong Global Hydrogen Index and Solactive European Mergers & Acquisitions Index.

In the coming week the US Automobile Association will publish registration numbers for November. The shares are moving away BMW, Daimler, Peugeot, Renault and VW in the focus of investors. In addition, Deutsche Börse decides on possible changes in the indices. In the past week there was already speculation as to whether a newcomer to the stock market Siemens Energy the share of Grenke could replace in the MDAX®. In the coming week, retailers and online retailers could release data on Black Friday sales. So move among other things Ceconomy and Zalando in focus. At ThyssenKrupp Meanwhile, speculation about a state entry should continue and Continental gets a new corporate executive.

Important appointments

  • China – China Official Purchasing Managers Indices Industry and Services, November
  • China – Caixin PMI Industry for China, November
  • Germany – consumer price index for November
  • Germany – Markit / BME purchasing managers index for German industry, November
  • Germany – Publication of labor market data for November
  • Germany – VDMA, incoming orders for October
  • Europe – Markit’s industrial purchasing managers’ index for the euro zone, November
  • Europe – Euro zone consumer prices, November
  • Europe – Euro Zone Retail Sales, October
  • USA – Chicago Purchasing Managers’ Index, November
  • USA – Hearing of Fed President Powell before the Banking Committee on the CARES Act
  • USA – ISM Industrial Purchasing Managers Index, November
  • USA – ADP Labor Market Report, November
  • USA – FED publishes Beige Book
  • United States – Initial jobless claims for the week ending November 28th
  • USA Labor Market Report, November
  • USA Trade Balance, October
  • USA – Industrial orders, October

Chart technical outlook

Resistance marks: 13,340 / 13,460 points

Support marks: 13,050 / 13,150 / 13,230 points

The DAX® is showing an upward trend – even though the momentum slowed significantly in the second half of the week. The mark of 13,340 points must be exceeded. Then there is a chance of a continuation of the upward movement to 13,460 points. On the downside, the index finds support at 13,230 points.

DAX® in points; Hourly chart (1 candle = 1 hour)

old
Observation period: November 17, 2020 – November 27, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

old
Observation period: 11/28/2013 – 11/27/2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

You can find leverage products for speculation on an upward or downward movement or sideways movement of the DAX® here.

Call warrants on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.last valuation day
DAX® indexHR1PQW8.5912,900March 16, 2021
DAX® indexHR1PRA7.2513,450June 15, 2021
Source: HypoVereinsbank onemarkets; 11/27/2020; 5:46 pm

Put warrants on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.last valuation day
DAX® indexHR1PQZ5.7113,300March 16, 2021
DAX® indexHR1PRG6.4612,900June 15, 2021

Source: HypoVereinsbank onemarkets; 11/27/2020; 5:43 p.m.

NEW: Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Cashback via the free Cashbuzz app or online via the website activate. Credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and rewards of investing. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The article weekly outlook: DAX closes at monthly high. Focus on gold and oil! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Richard Pfadenhauer

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

Note:
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.

Other users were also interested in this article:

Tags

Related Articles

Back to top button
Close
Close