🔥ATTENTION🔥
💥ENORMOUS IMPORTANCE in the economic data of the upcoming week:
👉Monday
▪️Retail sales 09:30 ARG
-Considering that fears of recession are INCREASING, it would be positive to see MORE RETAIL SALES than expected.
👉Wednesday 19:
▪️ECONOMIC PROJECTIONS from the FED 15:00 ARG
▪️FOMC statement 15:00 ARG
▪️Interest rate decision 15:00 ARG
▪️FOMC press conference 15:30 ARG
-It's FUNDAMENTAL that the FED CONFIRMS the 3 rate cuts that the market expects in the PROJECTIONS.
-While a rate CUT is not expected, what’s IMPORTANT are the PROJECTIONS and mentions of QT (asset sales by the FED).
👉Thursday
▪️New unemployment CLAIMS 09:30 ARG
▪️FED manufacturing index 09:30 ARG
-RECESSIONS are usually accompanied by HIGHER UNEMPLOYMENT and FEW manufacturing orders.
-Both data points are also very important.
📍Due to fears of recession and the FED's PROJECTIONS to address this, WEDNESDAY is going to be the MOST IMPORTANT day in a long time. EVERYONE will be paying attention to this.
