Key Levels and Market overview into the Asian session open

19 feb 2023

A look at the price action from the European and US sessions and what that may mean for the Asian market open after PPI out in the US was stronger than expected adding fuel to the inflation fire. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes. Intraday the US could not hold up off the lows and was hit hard into the close with potential to continue lower. I look at some key levels to watch and the price action setups I expect to play out.

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