CAPITALCOM:US30   Dow Jones Industrial genomsnittsindex
Hey Traders!

👀Watch out the Economic Calender for week 32/2023

â„čImportant economic data:

Tuesday: German CPI đŸ‡©đŸ‡Ș
Thursday: CPI USA đŸ‡ș🇾
Friday: GBP UK🇬🇧, PPI USA đŸ‡ș🇾

Inflation Data ahead.
In this week the main focus will be on the inflation data. Based on this data we might geht a hint about the next steps of ECBđŸ‡ȘđŸ‡ș and Federal ReserveđŸ‡ș🇾.
A lot of analysts think we already reached the peak of the interest rates. If the inflation falls this might be a confirmation of this.

After the last days consolidation of the markets (US30, DAX) we might get a good opportunity for long entry if the inflation is really moving into the anivised area of the central banks.

But if the inflation is higher than expected there is also a good chance that the markets fall.

So be careful and watch out the data!


Chart US30 đŸ‡ș🇾
In general we have a long szenario. We have a valid uptrend and market is above EMA200. Depending on the inflation data we might see a push towards the trendline. Especially if the inflation is higher than expected this might be the case.
If the inflation is smaller than expected this can cause a strong long movement. So you see that this data is really the key data for next week

Important Zones
Support: Daily Trendline and Support zone at 34500
Resistance: High at 35700

Wish you all great success in your trading!
Team tegasFX

📈True ECN STP Broker
🌐 www.tegasfx.com/
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