The daily chart Bollinger Bands have narrowed to 2.6%, which is the narrowest since August 2023.
There are a lot of economic data in the last 2 days of this week. GDP has been released, and we will see if there are any hints of interest rate cuts in tomorrow's monetary policy meeting, followed by consecutive earnings reports from major companies: Microsoft, Meta, Amazon, and Apple. On Friday, non-farm payroll data will be released along with the expiration of the equal tariffs.
Currently, the us100 has shown some signs of weakness in its upward movement, and the low volatility that was indicated three weeks ago has not been fully released. The major trend continues to accumulate energy.
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The daily chart Bollinger Bands have narrowed to 2.6%, which is the narrowest since August 2023.
There are a lot of economic data in the last 2 days of this week. GDP has been released, and we will see if there are any hints of interest rate cuts in tomorrow's monetary policy meeting, followed by consecutive earnings reports from major companies: Microsoft, Meta, Amazon, and Apple. On Friday, non-farm payroll data will be released along with the expiration of the equal tariffs.
Currently, the us100 has shown some signs of weakness in its upward movement, and the low volatility that was indicated three weeks ago has not been fully released. The major trend continues to accumulate energy.