31/08/2022
The Fed will try to suppress inflation at the expense of economic growth and economic slowdown.
China - coping with economic problems, and problems with the real estate market.
Gas storage facilities in Europe are 80% full. Gazprom has suspended gas supplies to France.
Germany CPI - 7.9%
France CPI - 5.8%
10:00 - Polish GDP
14:15 - ADP report ahead of labor market report
2 factors:
1. The Iranian press reports on a tentative agreement with the US.
2. The Russian press reports that the supply cut was not discussed at the OPEC meeting
FOREX
EURUSD – Wait for Friday's NFPs, a sideways trend with an indication of the USD strengthening
Indices: Weaker Condition, Further Drops Possible
COMMODITIES
OILWTI - bearish takeover on D1
NATGAS - consolidation, time plays against growth
SILVER – Bad state, if $18 support broken, direction to $16, short positions have an advantage over long positions
SOYA – No resistance break, 10% drop in 2 days, support at $1,400
COFFEE - demand advantage, 3 days ago tested resistance at $241, currently a temporary correction - direction to LONG
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