Hey Traders!
đWatch out the Economic Calender for week 32/2023
âčïžImportant economic data:
Tuesday: German CPI đ©đȘ
Thursday: CPI USA đșđž
Friday: GBP UKđŹđ§, PPI USA đșđž
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 ECBđȘđș and Federal Reserveđșđž.
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 đșđž
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
đWatch out the Economic Calender for week 32/2023
âčïžImportant economic data:
Tuesday: German CPI đ©đȘ
Thursday: CPI USA đșđž
Friday: GBP UKđŹđ§, PPI USA đșđž
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 ECBđȘđș and Federal Reserveđșđž.
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 đșđž
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
đTrue ECN STP Broker
đ www.tegasfx.com/
đ www.tegasfx.com/