The week begins without key macroeconomic references, with China leaving interest rates unchanged, keeping the 12-months at 3.65% and the 5-year prime at 4.30%. In addition, we have Bullard and Bostic, members of the FOMC, intervening with Kashkari keeping open the possibility of keeping rates on hold next June.
Similarly, the key to the week will once again be around US macro data, especially with the US private consumption deflator (PCE) on Friday, although investors also keep their focus on the negotiating process on ceiling debt, a situation that could Maybe it will last till June.
In Europe, the DAX 40 marked new highs late last week, after staying in a range since last April. Siemens Energy AG, Infineon Technologies or Siemens AG have been the companies that have pulled the German Selective last week.
In Spain, Ibex 35 opens with doubts, but continues to trade above the 9,200 mark, trying to consolidate around the 9,250 mark, thus chasing the May month highs. Therefore, if we continue to buy, it is possible that we will see an approach towards the level of 9315 points, partly due to the pull of cyclical companies of the Spanish index.
Grifols sits above 11 euros after falling to that level after taking a “breather” before his title shot after the results were presented. However, despite the fact that the pharmaceutical company’s trend is still completely bearish, it will be interesting to see if buyers build up potential, where the next resistance is located at $12.60.
Sacyr closed above 3 euros per share on Friday, recovering a little more than 4% from lows in May, after eliminating support around 2.85 euros, due to which it tried to break the bearish guideline of the corrective phase. Will do Significant closing at 3.06 Euro.
Naturgy closed last week below 27.5 euros per share, after being in the range in the last month, with a demand (buying) that could not break the resistance of 29 euros, so the offer has been eliminated. Now, we need to look for support at 26.50 EUR.
Finally, today we will have relevant macroeconomic data, among which we highlight:
- 2:30 pm -> Statement by FOMC Member Bullard
- 4:50 pm -> Statement by Biostik, member of the FOMC
Get all the information about Multis and take advantage of the opportunities
How to take advantage of the opportunities in this market? operational example.
In the example to explain how to trade, we are going to use the Ibex 35. On IG, we can trade CFDs in this market with Barriers, Vanilla Options, Turbo24 and Multis. We are going to choose the latter for example, as it is a product listed on a regulated stock exchange, which allows us to leverage our operations with limited risk and unlimited profitability up to the initial deposit.
Let’s say we take a long position on Ibex 35 with an initial deposit of €1,000. If we choose a multiple of x5, that means you will make a profit or loss corresponding to a deposit of 5000 euros in the index. Before the end of the trading day, the Ibex 35 increased by 3% compared to the previous day’s closing price, making your Multi a 3% daily return of 5000 Euros. At that point, you exit the trade, so the profit is €150.
Let us now imagine that, conversely, you have acquired a short multiple of x5, with a market that has moved against you, so that the daily return of your multiple is -3%. You would have lost -150 Euro when you exited the operation.
