18.08.24Price earlier this week hace been very bullish especially after Wednesdays CPI data release indicating there signs of stability in the economy which my increase the chances of a rate cut in September. Wednesday Fed Chair Jerome will give a clear statment of what may happen with interest rates and there will also be PMI and inital jobless claim data on Thursday.
US30: After price took Mondays lows on Tuesday, US30 has not returned to that spot. WIth the current state of price action, I see price aiming towards 41414.72
GER40: Price on the DAX hasnt returned back down after rebounding off a 4h order block on Tuesday aswell and seems to be reaching 18916.9