DAX Futures June 2020

237 and 238 added 2 DAX CFDs now

2.30 pm CET
The ECB: 'Pil record crash. Ready to do what it takes


The pandemic crisis, which has stopped much of the economic activity, will cause a fall in the GDP of the Eurzona of between -5 and -12%: "with the gradual removal of the containment measures, there will be a recovery in economic activity, the speed and extent of which, however, remain highly uncertain ". The ECB writes it in the Economic Bulletin.
THE STOCK EXCHANGE AND THE MARKETS
Debt purchases with the pandemic emergency program (PEPP) "will continue to be made flexibly over time" and "until the Governing Council has deemed the critical phase related to the coronavirus to be over". The ECB writes it. The Council "reaffirms its utmost commitment to do all that will be necessary within its mandate to support all citizens of the euro area in this time of extreme difficulty".
In the first quarter of 2020, affected only partially by the spread of the virus, the GDP of the Eurozone marked -3.8% and the indicators and short-term surveys signal "an unprecedented contraction". April data suggest that "this effect is likely to be even more severe in the second quarter."
"The deterioration in consumption indicators is unprecedented": the ECB writes about the effects of the pandemic and lockdowns on the economic activity of the Eurozone. "The shock caused by COVID-19 - writes the ECB in the Economic Bulletin - has produced a direct effect through the rationing of different expenditure components. The indirect effects should materialize through the impact on income, wealth and access to credit Furthermore, pent-up demand can have a positive impact once containment measures are revoked. The medium-term impact on private consumption depends on the duration of the lockdowns, on the pace of easing of measures, on changes in household behavior and on the effectiveness of public policies ".

Ft, necessary infringement procedure against Germany - "The EU must act against the threat raised by the German court". The Financial Times wrote it in an unsigned editorial on p. 16 which argues for the need to launch infringement proceedings against Berlin. The ruling of the German Constitutional Court last week, which called into question the legitimacy of the purchase of government bonds by the ECB, "jeopardizes the entire EU legal system", it says. The editorial stresses that "the German judges have chosen to ignore the obligations of the Treaty" of the Union and the sentence is equivalent to "a unilateral declaration of constitutional independence from the EU legal order". The danger would also be to encourage other countries to challenge the EU Court. Poland, for example, immediately welcomed the German decision. FT therefore suggests starting an infringement procedure against both countries. "The credibility" of the EU Commission "is at risk" but, he warns, there is a risk of growing "a Eurosceptic sentiment".

https://www.ansa.it/sito/notizie/eco...0e17e6d99.html

Now I have 4 DAX CFDs 253,5.

199 right now added 5 DAX CFDs + 1 FDXM

I have now 9 DAX CFDs 223 + 1 FDXM 199

182 added now 2 CFD + 1 FDXM

I have 11 DAX CFD 215,5 + 2FDXM 191,5

170 zone added 1 cfd NOW

I have 13 DAX CFDs 211,5 + 2 FDXM 191,5.

Maybe I was too much optimistic......

added another CFD now + 1 FDXM at 167

Now I have 14 DAX CFDs 208 + 3 FDXM 183

IMO its too early to tell, but I'm out of my shorts and taken an initial long with a tighter SL....

Edit: SL now to +10 pts

193 now closed 1 FDXM

207 now reduced from 14 to 6 my DAX CFD

203 closed another FDXM now from 183

Price below 200 is good, very good to buy.
Timing not so good......

+10 pips FDXM

+20 pips FDXM

-8 PIPS DAX CFDs in total