Consumer Price Index, Retail Sales, and Powell in the Spotlight

Markets are heading towards a week filled with U.S. economic data and a significant appearance by Federal Reserve Chairman Powell. Traders will be watching for any indicators that could change interest rate expectations, from inflation data to consumer spending and producer prices.

A rise in the Consumer Price Index or Powell's hawkish tone could freeze hopes for rate cuts, while weaker data may fuel a recovery in the labor market. In either case, the likelihood of volatility is high. Are you ready?

Key Events of the Week:

U.S. Consumer Price Index - 2:30 PM, May 13 (GMT +2)

Retail Sales - 2:30 PM, May 15 (GMT +2)

Producer Price Index - 2:30 PM, May 15 (GMT +2)

Opportunities to Watch This Week

Gold surpassed its all-time highs, but ended the week with a decline, returning to key support areas. Momentum has slowed, and the price is now stabilizing within a new short-term FVG pattern.

A deep drop could sweep below recent lows before any rebound, but a strong close above the resistance level would shift the bias back to bullish.

👉 Active short FVG setup this week. The previous setup has been invalidated, but this setup is still in use.