Stagflation, reccesion worries the concern for Markets as we head int oJuly

Hi there Traders,

 

So, new week. New opportunities. What’s in store for us this week. Well, today is the 4th of July – US Bank Holiday which means liquidity this afternoon will be shallow.  Wednesday is an important day for the US Market. We have the US FED FOMC Meeting Minutes at 7 pm BST. Other important news events are

 

ECONOMIC CALENDAR

Economic calendar week ahead

 

MATRIX

Everywhere you look there is anxiety. A couple of pairs stand out, while the rest are pants.  Remain patient. At times like this, it is best to remain calm, and apply the rules that you have been taught. Big news later this week. FED, FOMC statement is going to be telling.

Screen grab of the Matrix for Monday 4th July

Screengrab of the Matrix for Monday 4th July

 

Global Indices

 

German Trade Balance came out below 0 for the 1st time in years—Contraction taking hold of the German economy. Recession worries will definitely be the talking point here.

Deutsche Bank CEO: We would like to see the ECB raise interest rates more quickly than previously announced.

screengrab of a chart list of Global Indices

screengrab of a chart list of Global Indices

 

Commodities

 

Gold, Silver, and Copper continue to contract. Risk-Averse effect taking shape across the globe. Talk of global recessions has everyone concerned about STAGFLATION taking shape.

 

Screengrab of Commodities 4th July

Screengrab of Commodities 4th July

 

BTC Weekly Chart

Bitcoin has breached its Weekly 200sma. Not a good sign at all. The same thing has happened on a monthly too. Not a good sign at all. For July, we are looking at a bear continuation to be the outcome. Looking at the lowly $12k level as a LT target.

 

Screengrab of Bitcoin price on the Daily Chart, 4th July

Screengrab of Bitcoin price on the Daily Chart, 4th July

 

#btc #interestrates #SP500 #cryptocurrencies #fxtrading #forextradingsystem #Russell2000 #DAX #fxtraining #dow30 #VIX #Russell #DOW30 #investing #fxsignals #cryptotrading #BTC #sp500trading #bitcoin

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