Forex Trading Library

The Inflation Data Threatens to Sinks Indices!

Name: The Inflation Data Threatens to Sinks Indices!
Uploaded: 2024-02-28
Channel: David Kindley
Description: PCE Inflation data could be the catalyst that drives the US indices this week.With the S&P and Nasdaq looking for another record high, prices could be lower in the near term.The Dow also stopped moving higher as the 39K level became resistance.Ti

By David Kindley On Feb 28, 2024 54 0

PCE Inflation data could be the catalyst that drives the US indices this week.

With the S&P and Nasdaq looking for another record high, prices could be lower in the near term.

The Dow also stopped moving higher as the 39K level became resistance.

Timestamps
SPX500 01:00
NASDAQ 02:05
DOW 02:55

Test your trading strategy on forex and stocks with Orbex

OPEN LIVE ACCOUNT

Inflation NASDAQ Composite

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

Intraday Analysis – The Dow Remains Silent

The EuroZone Inflation: Dwindling Chances of Cuts