Technical My Tips

🅰🔠🔡🆎 ➡💶➡ Euro holds steady as traders wait for key data. What's next? EURUSD is moving cautiously as traders wait for eurozone inflation data and Friday's U.S. nonfarm payroll report. Find more details in our breakdown below 💙 🪙 Key takeaways

• Events. EURUSD started the week near 1.1640–1.1650. The dollar is still holding firm around 99.00 on the DXY 💲 Oil prices have also risen amid ongoing uncertainty over U.S.–Iran talks and the Strait of Hormuz. • Background. The euro is supported by expectations that the European Central Bank (ECB) may remain aggressive, especially after the bank's Executive Board member Schnabel signalled support for higher rates. Meanwhile, the dollar's support stems from geopolitical risks. Traders also anticipate that strong U.S. jobs data could increase expectations of a Federal Reserve (Fed) rate hike. • Possible outcome. If eurozone inflation is strong, the euro may find support 💶 However, if U.S. jobs data beats forecasts, the dollar could strengthen, keeping EURUSD under pressure. As long as the pair stays below 1.1660, the bullish signal remains weak.

🪙 Tip for traders Watch the 1.1660 level closely. A clear move above it could improve the euro's outlook, while weakness below this area may keep the pair in a cautious range. Sign Up Now 💥 https://bit.ly/attocta

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🌡️ The Core PCE price index drops this Thursday. It's the number the Fed uses to measure inflation, and right now, it's sitting at 3.2%, well above the 2% target. The latest ISM survey showed input costs rising at their fastest pace since June 2022, suggesting a hotter reading could be coming. If it comes in high, the dollar could potentially strengthen. If it comes in low, risk assets might move. EURUSD, GBPUSD, BTCUSD, XAUUSD, NVIDIA, all of them could react. USOIL adds another layer of complexity. A potential deal in the Middle East could bring energy prices down fast, which changes the inflation picture entirely.

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🅰🔠🔡🆎 ➡➡ Tech stocks pause ahead of key inflation data. What you should know NASDAQ 100 futures posted modest gains on Wednesday, while the NASDAQ Composite Index recently closed at a record high. Could the upcoming U.S. PCE report trigger a renewed rally? Find the answer in our report 💙 🪙 Key takeaways

• Events. NASDAQ 100 futures rose slightly, with Micron Technology reaching a market cap of $1 trillion 🚀 Other memory chip makers gained, but Qualcomm and Nvidia saw declines. Cybersecurity stocks fell after Zscaler issued a revenue forecast that was weaker than expected. • Background. After months of rapid gains, investors are cautious, scaling back on tech stocks amid high valuations. The sector is sensitive to interest rates, and the upcoming Personal Consumption Expenditures (PCE) report could influence Federal Reserve (Fed) policy and market sentiment. • Possible outcome. Tech stocks may continue to consolidate, with overbought positions leading some investors to take profits. If inflation data surprises on the upside, concerns about tighter Fed policy could deepen the correction. Conversely, a softer report might restore confidence and reignite buying 👍

🪙 Tip for traders Watch for market reactions to the PCE report and track high-valuation stocks closely. Understanding which sectors are most sensitive to interest rates can help anticipate short-term swings and manage risk. Sign Up Now 💥 https://bit.ly/attocta

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