US30 - HOT🔥 inflation data

Hey Traders!

👀Watch out the Economic Calender for week 32/2023

ℹ️Important economic data:
Tuesday: German CPI 🇩🇪
Thursday: CPI USA 🇺🇸
Friday: GBP UK🇬🇧, PPI USA 🇺🇸

Inflation Data ahead.
In this week the main focus will be on the inflation data. Based on this data we might geht a hint about the next steps of ECB🇪🇺 and Federal Reserve🇺🇸.
A lot of analysts think we already reached the peak of the interest rates. If the inflation falls this might be a confirmation of this.

After the last days consolidation of the markets (US30, DAX) we might get a good opportunity for long entry if the inflation is really moving into the anivised area of the central banks.

But if the inflation is higher than expected there is also a good chance that the markets fall.

So be careful and watch out the data!


Chart US30 🇺🇸
In general we have a long szenario. We have a valid uptrend and market is above EMA200. Depending on the inflation data we might see a push towards the trendline. Especially if the inflation is higher than expected this might be the case.
If the inflation is smaller than expected this can cause a strong long movement. So you see that this data is really the key data for next week

Important Zones
Support: Daily Trendline and Support zone at 34500
Resistance: High at 35700

Wish you all great success in your trading!
Team tegasFX