Macroeconomic Overview
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
When We Examine the Price Chart in the Weekly Term
If we use fibonachi between 11000-13730, 1272-1,618 resistors are very important.
We can observe a movement of 3-5 waves in the upward direction.
This week's candle close is very positive, the rise may continue in the next week.
We have US inflation data on Wednesday, I hope inflation data comes low.
If the inflation data is low, the rise may accelerate.
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
When We Examine the Price Chart in the Weekly Term
If we use fibonachi between 11000-13730, 1272-1,618 resistors are very important.
We can observe a movement of 3-5 waves in the upward direction.
This week's candle close is very positive, the rise may continue in the next week.
We have US inflation data on Wednesday, I hope inflation data comes low.
If the inflation data is low, the rise may accelerate.
