28.10.24This week will be the final full week in markets ahead of the Nov. 5 U.S. presidential election and the Fed’s next monetary policy decision on Nov. 7, which means investors will likely remain on edge. It will also be an action packed week highlighting reuslts from GDP on Wednesday, Core PCE price index on Thursday (Fed favourite gauge of inflation) and NFP Friday. If youre not equipt you might want to avoid trading around these releases.
US30: After reaching above the previous weeks high on Monday, price had posted its first 5 day losses in a row in a full week this year, this to me highlights that the bearish pressure if very strong so I will be on a look out for my downside movements as there a many structural breaks to the downside on the 4H. I would like to see price push past 42042.63 and I think price has a change to get to or past the 41675.97 area if we continue to the downside.
GER40: After passing highs of 19500.4, price has posted a loss week with 4 losing days and 1 bullish day. Price seems to be trading sideways on the higher timeframe as the previous months high, at the moment there may be a chance price will reach 19679.3 from what I see before is decided to do what it needs to but I will like to see price sometime make its way to 19340.6-19306.5 and continue its bearish momentum
