Good week to everyone ๐Ÿ’ฐ

On the weekly level, SPY has broken its all-time high.

BTC is currently near its resistance levels after breaking a record last week and reaching 109K.

Events to look out for this week:

Wednesday:

โ€ข 21:00 - USA Interest Rate Decision

The expectation is for rates to remain unchanged at 4.5% ๐ŸŸ 

I find it hard to believe there will be any changes in this decision.

However, when the results are announced, expect high market volatilityโ€”take that into account.

Thursday:

โ€ข Starting from 06/2024, there will be a controlled decrease in interest rates within the European Union.

โ€ข 15:15 - Eurozone Interest Rate Decision

The current expectation is for another decrease from 3.15% to 2.9%, which would be a positive outcome if it happens ๐ŸŸข

Friday:

No announcements yet, but Iโ€™ll update during the week if anything relevant comes up.

I believe this week will be less wild compared to the last month, with a possibility for slight gains or sideways movement.

Of course, anything can happen, and I will operate with low-risk strategies.

If there are any surprises in reports or special events, Iโ€™ll keep you updated.

Have a great evening ๐Ÿš€