DowJones, Inflation, Employment, Fed comments

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DowJones, Inflation, Employment, Fed commentsWall Street 30TRADENATION:US30TradeNationThe Dow Jones is likely to remain sensitive to today’s US economic data and movements in Treasury yields. The main focus will be the August PCE inflation report, personal income and consumer spending. These figures should give markets a clearer view of inflation and consumer strength. The September ADP employment report and Chicago PMI will also be watched closely for signs of whether the US economy is slowing or remaining resilient. Several Fed officials, including Barkin, Cook, Goolsbee and Kashkari, are scheduled to speak, which could add volatility if they provide fresh guidance on interest rates. European inflation figures, China PMIs and Japan’s economic data will also influence overall risk sentiment. Micron earnings after the close could provide an additional signal for the technology and AI sectors. Conclusion: The Dow is likely to trade cautiously with inflation, employment data and Fed comments driving sentiment. Softer inflation and stable economic growth could support stocks, while stronger inflation, higher yields or hawkish Fed comments could put pressure on the index. Key Support and Resistance Levels Resistance Level 1: 50840 Resistance Level 2: 52460 Resistance Level 3: 53114 Support Level 1: 50840 Support Level 2: 50465 Support Level 3: 49820 The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.