1 month ago
📊 Weekly Outlook Charts Aug 19-23:
#DXY still grinding lower. Nothing much has changed since last week. Global PMI data and subsequent labor market data in UK, France, Germany, USA will have an impact on fed cut expectations and by proxy risk assets including the dollar.
The Annual Jackson Hole meeting is this week as well. Surely there will be some volatility. My best guess is Powell restating the fact that the fight against inflation is almost over and focus on labor market data will be prioritized going forward to initiate the 'soft landing'
https://www.tradingview.co.../
Within 2 weeks since the yen unwinding, we are just a couple percentage points off the highs. The vast volatility has me a bit suspicious. Since we are back above the cloud, confirms bullish continuation, however I suspect this week we might range around 5600 on #SPY due to heavy news flow this week.
https://www.tradingview.co.../
Seems like USOIL is closely following DXY most likely due to concerns of global economic growth.
https://www.tradingview.co.../
#btc still lagging risk assets in tradfi markets. Not bullish again until daily closes above the cloud. Still ranging. Not particularly interested here
https://www.tradingview.co.../
#eth is still struggling to pass resistance. Must be patient
https://www.tradingview.co.../
#DXY still grinding lower. Nothing much has changed since last week. Global PMI data and subsequent labor market data in UK, France, Germany, USA will have an impact on fed cut expectations and by proxy risk assets including the dollar.
The Annual Jackson Hole meeting is this week as well. Surely there will be some volatility. My best guess is Powell restating the fact that the fight against inflation is almost over and focus on labor market data will be prioritized going forward to initiate the 'soft landing'
https://www.tradingview.co.../
Within 2 weeks since the yen unwinding, we are just a couple percentage points off the highs. The vast volatility has me a bit suspicious. Since we are back above the cloud, confirms bullish continuation, however I suspect this week we might range around 5600 on #SPY due to heavy news flow this week.
https://www.tradingview.co.../
Seems like USOIL is closely following DXY most likely due to concerns of global economic growth.
https://www.tradingview.co.../
#btc still lagging risk assets in tradfi markets. Not bullish again until daily closes above the cloud. Still ranging. Not particularly interested here
https://www.tradingview.co.../
#eth is still struggling to pass resistance. Must be patient
https://www.tradingview.co.../
