Next Week's Data and Highlights👀

Monday 21:45 US Manufacturing PMI

Tuesday 01:00 Trump meets with the National Security Team

Tuesday 22:00 Powell delivers monetary policy speech

Wednesday 22:00 Powell delivers another monetary policy speech

Thursday 21:30 US Q1 GDP

Friday 20:30 US Core PCE Price Index Year-on-Year for May

Friday 22:00 US June One-Year Inflation Expectations

The important scheduled events are the data/events on Tuesday, Thursday, and Friday.

The situation in the Middle East is not on the agenda but is still impacting.

【Market Analysis】

① Early Sunday morning, the US launched military actions against Iran, triggering a flight to safety that caused a sharp decline, and last night began to show a rebound trend.

② From public news, it seems that the US bombing did not achieve the goal of destroying Iran's nuclear facilities/materials;

It is uncertain whether military actions will continue or if they will declare an end and negotiate. Based on market trends, last night's sharp rebound suggests that even if there are military actions this week, any further decline will likely not be too deep.

③ This week's data should lead to an upward trend in the market —

Tuesday and Wednesday, Powell's speeches should not differ much from before (will not worsen),

Thursday's GDP should only cause short-term fluctuations;

Friday's inflation-related data should not turn into negative news (the market has already anticipated this).

④ Today, expect a rise followed by a decline. But also be cautious of another significant drop.

【Strategy】

Wait to short after the rebound.