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Key Levels and US Market Review for the Asian session open 9/05European and US markets were relatively tame as traders focus now turns to the CPI data release ahead of the US open Wednesday. The USD found support to move up while Copper and Oil also moved higher on expectations for a lift in demand. Gold edged higher although is showing signs of selling pressure. Expecting a flat open for Asian markets as the Nikkei, ASX200 and Hang Seng were largely rangebound in overnight trading. With stronger economic data comes stickier/resilient inflation so bulls may be getting ahead of themselves as the US Fed will have to think about another rate rise if the CPI continues to show strength. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 8/03A review of the price action from the European session and the US session. Major indexes took a big hit after Powell suggested that the US Central Bank could raise rates more aggressively than previously expected. The USD reacted sharply higher while US bonds spiked lower. Investors who recently went bargain hunting were now going risk off into the share market. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure