Welcome to Extreme Investor Network, where we provide you with unique insights and expert analysis on the Stock Market, trading, and everything related to Wall Street. Today, we are focusing on the US Economic Calendar and its impact on the market.
The US labor market and the Federal Reserve will be in the spotlight on Wednesday, August 21, as the Jackson Hole Symposium approaches. The US Bureau of Labor Statistics is set to release its preliminary revisions to payroll data, with economists anticipating a significant adjustment that could affect market risk sentiment. This could reignite concerns of a hard landing for the US economy, impacting demand for riskier assets.
Additionally, the Federal Reserve will release the FOMC Meeting Minutes from the July meeting, which could further impact market sentiment. Expert views on the US labor market, such as those from Wall Street Journal Chief Economics Correspondent Nick Timiraos, highlight the increasing scrutiny on job search and unemployment trends.
Looking at the near-term outlook, central bank commentary, US labor market data, and upcoming Services PMI numbers will influence DAX trends. Investors should pay attention to speeches from the Jackson Hole Symposium and monitor news wires, economic calendars, and expert commentary to make informed trading decisions.
In terms of technical indicators, the DAX remains above the 50-day and 200-day EMAs, signaling bullish price movements. A potential move towards 18,750 and a break above could push the index towards its all-time high. On the other hand, a drop below the 50-day EMA could lead to a test of support levels at 18,000 and 17,615.
At Extreme Investor Network, we keep you informed with the latest news and analysis to help you manage your risks effectively and make informed trading decisions. Stay tuned for more insights and expert views on the Stock Market and trading strategies.