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The US gave back a stronger open to fade lower into the close. Again the fight is between economic data and higher inflation and whether the strength in the US economy can absorb high inflation and inevitable rate hikes. Any economic data releases that fail to meet expectations will see the share market unwind risk and head lower. US key Employment data out tomorrow is the focus.
For a more detailed Macro technical view and major market trend analysis…check out the video below for my market review and key technical levels for general market bias.
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Disclaimer: the contents of this report post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.