Despite the US-China phase one trade deal supporting equities the upside could be minimized if priced in already since as indices have been moving up since the December truce!
Geopolitics suggest more strength, however, technicals indicate otherwise! Will corporate earnings trigger a shift from a macro perspective? Well, either that or weaker US inflation data!
It seems that equities hang on earnings and inflation, whereas the US index only on inflation data.
Timestamps
SPX 8H 01:30
DXY 8H 04:25
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Geopolitics suggest more strength, however, technicals indicate otherwise! Will corporate earnings trigger a shift from a macro perspective? Well, either that or weaker US inflation data!
It seems that equities hang on earnings and inflation, whereas the US index only on inflation data.
Timestamps
SPX 8H 01:30
DXY 8H 04:25
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
