Welcome to Extreme Investor Network, where we provide expert insights and analysis on the stock market, trading, and everything related to Wall Street. Today, we are diving into the latest developments in the US Retail Sales and exploring expert views on US inflation and the Fed rate path.
According to Arch Capital Global Chief Economist Parker Ross, the July CPI Report provides further evidence that inflation is expected to normalize in the year ahead. This normalization should prompt the Fed to adjust its monetary policy and align it with the current economic trends.
The near-term outlook for the DAX index will be influenced by US jobless claims and retail sales figures. Investors should pay close attention to these numbers as they could impact buyer demand for riskier assets. Positive numbers could signal a soft landing for the US economy and boost buyer demand for DAX-listed stocks.
In the futures markets, the DAX and Nasdaq Mini are showing some positive momentum, with gains of 61 and 63 points, respectively. It is crucial for investors to stay informed by monitoring the US labor market, consumer spending trends, and expert commentary to make informed trading decisions.
When looking at the technical indicators for the DAX, the index is currently above the 200-day EMA but below the 50-day EMA. This indicates a bearish near-term outlook but a bullish longer-term perspective. A break above 18,000 could signal a move towards the 50-day EMA, with potential resistance at 18,500.
On the other hand, a drop below 17,800 could lead to a test of the 17,615 support level and the 200-day EMA. The 14-day RSI at 45.80 suggests a potential drop to the 17,003 support level before entering oversold territory.
Stay tuned for updates on US economic data and market trends by following our latest news and analysis. Our expert insights will help you stay ahead of the curve and make informed decisions to manage risk effectively. Subscribe to Extreme Investor Network for exclusive content and analysis tailored to serious investors like you.