Hey Traders!
šWatch out the Economic Calender for week 32/2023
ā¹ļøImportant economic data:
Tuesday: German CPI š©šŖ
Thursday: CPI USA šŗšø
Friday: GBP UKš¬š§, PPI USA šŗšø
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 ECBšŖšŗ and Federal Reservešŗšø.
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 šŗšø
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
šWatch out the Economic Calender for week 32/2023
ā¹ļøImportant economic data:
Tuesday: German CPI š©šŖ
Thursday: CPI USA šŗšø
Friday: GBP UKš¬š§, PPI USA šŗšø
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 ECBšŖšŗ and Federal Reservešŗšø.
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 šŗšø
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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.