Market participants expect that after the release of CPI data, the broader market may decline. $E-mini Nasdaq 100 - main 2309(NQmain)$ If the CPI data is better than expected, there is an increased probability of interest rate hikes, which could lead to a drop in the US stock market. On the other hand, if the CPI falls short of expectations, it indicates a weaker economy, and the US stock market could still experience a decline. In summary, the US stock market has limited upside potential and significant downside potential. However, there is a possibility that the market may experience a temporary upward movement, luring in more buyers (bullish sentiment)The consensus for July CPI is 3.3%, higher than the June CPI of 3%.data from Trading econo

US Treasury Secretary #Yellen says the Biden administration is seeking healthy economic competition and better communication with China, while taking appropriate measures to defend national security. She indicated her trip was meant to avoid misunderstanding or miscommunication between the two nations. Yellen has been less supportive of a confrontational approach to China in favor of a benign rivalry. US #PCAOB audit officials reported to have started a new round of inspections of US-listed companies over the past few weeks. The PCAOB sent a team to HK to review the 2022 audit reports of close to a dozen companies, including Tencent Music $ $Tencent Music(TME)$ , $DiDi Global Inc.(DIDI)$ , and

My love for historical quotes is not something that I developed recently. I was always noting interesting quotes. I find them as one-sentence reminders for correcting one's mentality. Below you may find a small part of my collection as well as some personal comments, expressing personal opinions.Photo by Jez Timms on Unsplash“… opportunities are like buses, there’s always another one coming.”— Richard BransonMaybe this quote is my favorite. I was recently reading Tom Hougaard’s book “best loser, wins”, and something that he was repeatedly mentioning is that a trader needs to have the belief that his or her system works, and of course, that the market would always have enough opportunities for every trader so he or she could be profitable.This quote is a constant reminder that there are alw

Looking at the H4 chart, my overall bias for$Hang Seng Index - Feb 2023(HSI2302)$ Bullishdue to the current price being above theIchimoku cloud, indicating abullishmarket.Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment

Last week, the US dollar index briefly hit the 100 integer mark, which broke through 100 again since May 2020. For a long time, the dollar has behaved closer to commodities-showing a trend of mean reversion, fluctuating around the median,When the price is too low, it will rise, and when the price is too high, it will fall. In terms of current prices, there is still 10-20% room from the long-term median. ​​ ​ Too long ago, the trend of the US dollar is linked to too many political and economic topics, and as a trader entering the market in the millennium, he can't be perfectly fastidious. However, after the financial crisis in 2007/08, there is still a very clear logic line supporting the market of the US dollar. On the whole, the leading position of the US economy compared with other eco