30.9.24Going into the final quarter of the year price has has another week of positive gains. Fridays Core PCE Price Index which is also known as the Feds favourite gauge of inflation results came out as expected which is positive news.
This coming week investors will be keeping there out of for signs of more rate cuts by the US jobs reports coming out and all Fed chair Jerome speech .
US30: Monday to Wednesday price was continously reaching daily highs but still struggled to pass the previous weeks highs. Once lows were taken on Wednesday price found some more momentum to push higher.
This coming week I will like to see price continue higher atleat just to 42654.00 as price action is still looking bullish.
GER40: After reacting of an area of demand on Monday, price was slowly floating to the upside and found more momentum after price retraced into discount price on Wednesday then finally was able to reach the previous weeks high Thursday and had further momentum to the upside. I believe we may get to see price continue to push past 19500.4