Hey traders,
The stock market concluded the week on a high note, leading to gains in European markets as well. This positive sentiment may be attributed to the anticipated discussions between the U.S. and China. However, the stock market’s potential for further growth might be limited due to Moody’s decision to revise the U.S. government credit rating from stable to negative, which could affect investor confidence.
In addition, the past couple of weeks have seen volatile shifts in the market’s expectations of the Federal Reserve’s monetary policy, alternating between dovish and hawkish stances. Notably, Fed Chair Powell emphasized the need for more measures to combat inflation. Consequently, the dollar may continue its upward trend. Interestingly, stocks have remained bullish despite the downgrade by Moody’s and Powell’s hawkish stance.
Looking ahead, if Powell maintains a hawkish outlook, the dollar is likely to perform well. Therefore, monitoring U.S. yields, which have recently stabilized, is crucial. Any further rise in these yields could bolster the dollar, potentially leading to a pullback in the stock market at the same time.
In this webinar I will give you a free update on plenty of markets. If you will love the video, make sure to leave us a commentary and smash that LIKE button, please. Thx for watching!
Best regards,
Grega
Tuesday4
US CPI (3.3% y/y from 3.7% )
Wednesday
UK CPI
US PPI and US retail sales
Thursday:
AUD Employment
Friday:
UK retail sales
Coverage in webinar:
DXY (dollar index)
US Notes (bullish if 5 up) 5 down on US yields
German – US yields differential
EURUSD
GBPUSD
AUDUSD 2 4h counts
USDCNH
GBPAUD
Commodity Markets:
Crude Oil + Energy sector
GOLD+ GDX (miners)
SILVER
Stock Markets:
DAX
S&P 500
Cryptocurrency Markets:
Bitcoin (BTC)
Ethereum (ETH)
Singe stocks:
Apple (AAPL)
Amazon (AMZN)
Netflix (NFLX)
Tesla (TSLA)
Become a premium member
Get daily Elliott Wave updates for CRYPTO, FIAT, SP500, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
Ethereum Turned Perfectly As Expected. Check our blog HERE.