Good week to everyone ๐ฐ
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:
โข 21:00 - USA Interest Rate Decision
The expectation is for rates to remain unchanged at 4.5% ๐
I find it hard to believe there will be any changes in this decision.
However, when the results are announced, expect high market volatilityโtake that into account.
Thursday:
โข Starting from 06/2024, there will be a controlled decrease in interest rates within the European Union.
โข 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 ๐ข
Friday:
No announcements yet, but Iโll 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, Iโll keep you updated.
Have a great evening ๐