Hello guys,
Fundamental Analysis
1. US30 has dropped as Carry tarde in Japan had a heavy weight on US stocks, as well as contarcting in manafucturing and increased Unemployment rate.
2. Market was afraid of Recession, so Stocks dropped sharply, after bad initial jobless claims and increased UNRATE to 4.3% and lowered NFP at 114K
3. Last week the market has relived after initial jobless claims was dropped to 233K from 252K which is a good sign we are not trending up in the unemployment issue.
4. If #PPI and #CPI as well as #Initial Jobless claims confirm 2 things
1. There is no need to fear a recession
2. The inflation numbers are dropping
If we get these two messages, the market will rally as we no longer fear a recession, and also Inflation is not a problem, so the FEDS have a case to lower rates sooner.
In this case, we could see the #US30 rally very fast to reach the 40K level the upcoming week.
On the other side, if Inflation is Hotter than expected, then Stocks will fall, as the market will lower expectations for 0.5 % rate cut, and this could drive the economy to a recession.
We remain bullish, and hope we see inflation dropps, and initial jobless claims cools off, so stocks and gold would rally.
Follow to get more ideas.
Fundamental Analysis
1. US30 has dropped as Carry tarde in Japan had a heavy weight on US stocks, as well as contarcting in manafucturing and increased Unemployment rate.
2. Market was afraid of Recession, so Stocks dropped sharply, after bad initial jobless claims and increased UNRATE to 4.3% and lowered NFP at 114K
3. Last week the market has relived after initial jobless claims was dropped to 233K from 252K which is a good sign we are not trending up in the unemployment issue.
4. If #PPI and #CPI as well as #Initial Jobless claims confirm 2 things
1. There is no need to fear a recession
2. The inflation numbers are dropping
If we get these two messages, the market will rally as we no longer fear a recession, and also Inflation is not a problem, so the FEDS have a case to lower rates sooner.
In this case, we could see the #US30 rally very fast to reach the 40K level the upcoming week.
On the other side, if Inflation is Hotter than expected, then Stocks will fall, as the market will lower expectations for 0.5 % rate cut, and this could drive the economy to a recession.
We remain bullish, and hope we see inflation dropps, and initial jobless claims cools off, so stocks and gold would rally.
Follow to get more ideas.
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signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.