Key Levels for October 10th + 🌟 The Week Ahead: War, CPI, Minutes – Guard Your Blindside 🚀
Today, due to the US holiday, bond markets and government offices were closed, resulting in muted volatility in US stocks.
The surprise attack on Israel and the official declaration of war over the weekend could become the primary driver of equity market direction, overshadowing discussions about inflation, deficits, and jobs. Gold prices reflected a moderate flight to quality in today's trade, and when the bond markets reopen, we'll have a clearer picture of the situation.
For more insights, check out this Fortune article published over the weekend: "Attack on Israel: What investors, economists, and strategists are saying."
This week's key data releases include the Producer Price Index (PPI), Consumer Price Index (CPI), and Federal Reserve Minutes.
- Wednesday @ 7:30 CDT: Producer Price Index (PPI) values will be released, with expectations of a 0.3 percent monthly rise in September.
- The Fed minutes will also be released on this day @ 1:00 PM CDT, providing insights into policymakers' debates and consensus from their latest meeting.
- Thursday @ 7:30 am CDT: Consumer Price Index (CPI) core prices in September are expected to hold steady at a 0.3 percent monthly increase.
- Jobless Claims for the October 8 week are expected to come in at 209,000.
For the agricultural sector, the WASDE report will be released on Thursday the 12th at 11:00 am CDT.
Stay vigilant and prepared for increased market volatility. Remember to plan your trades and trade your plan. 📈💼
Keep it profitable,
ProTrader Mike
