June 24, Economic Pulse Central Banks and Key Data in the Spotlight

Key events for financial markets this week

 

US Inflation:

On Friday, we’ll find out if inflation finally calms down, which could affect how soon the Fed decides to cut interest rates.

Technology stocks:

The tech sector is in decline, but some fear it could overheat. Investors may look to other sectors, such as the financial sector or smaller companies, for potential bargains.

Oil prices:

Oil prices are a bit nervous. Geopolitical tensions and a strong dollar could push them down, although they have been rising recently.

Inflation in Europe:

Data from some European countries will give an indication of inflation there. This will affect how many times the European Central Bank may cut rates this year.

Trade War:

China and the EU are trying to avoid a trade war over electric cars. This is just another wrinkle in global trade tensions.

IPO:

Alumis (ALMS) filed for an IPO of 17,650,000 shares at $16-18 per share.

 

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Economic Calendar Events:

Tuesday, June 25, 2024:

• CB Consumer Confidence Index (June)

Wednesday, June 26, 2024:

• New home sales (May)
• Crude oil inventories

Thursday, June 27, 2024:

• GDP (q/q) (Q1)
• Number of initial claims for unemployment benefits

Friday, June 28, 2024:

• GDP (q/q) (UK)
• GDP (y/y) (UK)
• Core price index of personal consumption expenditures (m/m) (May) (USD)
• Core Personal Consumption Expenditures Price Index (y/y) (May) (USD)
• Fed Monetary Policy Report (USD)

Sunday, June 30, 2024:

• Manufacturing sector business activity index (PMI) (June) (CNY)

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Key volume support and resistance levels

 

Volume analysis of futures contracts: Euro, Oil, S&P500 index.

This review used the weekly timeframe to show the key levels that were formed during the current contract.

 

On all charts volume support levels are marked in green color, and resistance levels are marked in red color. Each volume analysis level is indicated by two prices, as the levels are price ranges.