Follow on FaceBook – Twitter – LinkedIn – YouTube and Instagram!!
PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR FRIDAY 12/05/23
Markets came under pressure again on concern of an economic slowdown. Europe was hit lower with the DAX and FTSE100 looking weak. US data out weighed on the US open to pressure key indexes lower although tech and the Nasdaq remain relatively strong. US data out was mixed with unemployment claims higher and PPI showing strength. The uncertainty sent USD higher and commodities lower with Copper taking a hit.
Expecting a mixed open for Asia with the ASX200 to open slightly weaker while the Nikkei and Hang Seng set to open up.
If inflation is truly remaining ‘sticky’, coming economic data will be the major focus and I expect this will translate to choppy markets or further pressure from sellers looking to lock in some gains.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
CLICK HERE FOR FULL ECONOMIC DATA OUT TODAY (AEDT) 12/05/23
Join Our TRADERS HUB DISCORD CHANNEL for updates and trade ideas (email tradethestructure@gmail.com for the link)
Watch the FULL REVIEW here 👇
KEY LEVELS AND MARKET OVERVIEW INTO THE ASIAN SESSION OPEN
Disclaimer: the contents of this 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.