01.12.24
As the U.S. stock market nears record highs, investors are watching for Friday’s jobs report ahead of the Federal Reserve's December meeting. They’ll also focus on comments from Fed Chair Jerome Powell and ongoing tariff threats.
US30 (Dow Jones): US30 has ended the month really strong after creating new all time highs, with price opening and closing way above the previous week high momentum has seemed to slow down but I will like to see what price will do if it can surpass 45102.95 then 45200.
A strong jobs report or dovish comments from Powell on Wednesday could lift the US30. Weak data or hawkish Fed signals might weigh on it.
GER40 (DAX): After what I interperate to be a sideways month, after G40 reacted off previous month lows price has found momentum to trade higher and make new all time highs to finish the month and week strong! I'd like to see price trade pass 19681.5 and my next target will be 20,500.
Tariff threats and global growth concerns could harm the GER40, particularly the auto sector. Lower oil prices may benefit it, but OPEC+ risks remain.
US30 (Dow Jones): US30 has ended the month really strong after creating new all time highs, with price opening and closing way above the previous week high momentum has seemed to slow down but I will like to see what price will do if it can surpass 45102.95 then 45200.
A strong jobs report or dovish comments from Powell on Wednesday could lift the US30. Weak data or hawkish Fed signals might weigh on it.
GER40 (DAX): After what I interperate to be a sideways month, after G40 reacted off previous month lows price has found momentum to trade higher and make new all time highs to finish the month and week strong! I'd like to see price trade pass 19681.5 and my next target will be 20,500.
Tariff threats and global growth concerns could harm the GER40, particularly the auto sector. Lower oil prices may benefit it, but OPEC+ risks remain.
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