Trading Economics: Market optimism of inflation dropping while labor market holding strong as seen in the data is leading to significant stock market gains. We saw Equity markets in the US surge to new highs last week as optimism led to major demand for risk assets. We see this sentiment continue with major gains yesterday across US stock markets as optimism continues to hold weight.
Market Structure - Bullish MS (W,D,4H,1H), buyers in control on all timeframes - Fresh new 1H highs printed in London session shows the potential for stock market buyers to continue this rally in today's NY Session
Data in focus: - Building permits & Housing starts at 8:30 - Look for short-term impact as this usually has low implications on the markets
Trade Ideas: 1. ABC BULLISH breakout above high of day (15885) 2. ABC BULLISH rejections at 1H BOS / demand zone (15830-15840) 3. ABC BULLISH rejections at HTF demand zone (15730)
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