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- Positive sentiment before US opening. 15:30 we expect CPI and Retail Sales
Positive sentiment before US opening. 15:30 we expect CPI and Retail Sales
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Loading...The US markets will be heading for a positive start of the session following the rises in Europe and Asia. So far, futures on US indices are trading on a rise. Dow Jones traded +147 points on yesterday's closing, SP500 with +20 points, and NASDAQ100 with +36 points.
However, this may very quickly change if CPI data at 15:30 turns out to be worse than expected. Data can provide guidance for the future direction of the indices, given the fact that the main reason for the correction was the fear of high inflation. Hedge Funds and other large speculators, known to trade moods, have boosted short-stakes in 10-year bond futures to 939,351 contracts. This means that many traders are of the opinion that bond yields will rise. If the FED really raised interest rates four times this year, it would be hard to imagine a scenario where bond yields would not reach 3%.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Varchev Traders Read more:
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