Key Levels and Market overview for the Asian session open 21/02

20 feb 2023

A review of the price action from the European session and recap of US price action as the US indexes were closed Monday. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the recent grind lower...it is whether the bears can now continue the push lower or not. I look at some key levels to watch and the price action setups I expect to see play out.

Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper