7.10.24This weeks inflation data will been keenly anticipated after the job report from last Friday which were stronger than expected, CPI & PPI data will assure Fed that interest rates is on a sturdy path to 2% and the Fed minutes, investors will be looking to see how officials feel about the cut on US interest rates.
Us30: Price was very rangey early in the week until lows were taken from the previous week which is now pushing price higher back towards 42654.00. Price we trapped between the previous weeks range as it is the start of trhe month but hopefully we will begin to see a breakout. As I write this price has already pushed above 42345.87 the way I would like it to
Ger40: Price traded lower into an area of demand on Thursday-Friday and is trading back higher towards 19500.4. I will liek to see price push above 19197.3 and continue higher as long as data is on its side but I will still keep an eye out to see if price has a potentional to drop past 18683.8
