Key Levels and US Market Review for the Asian session open 13/07

US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver found some strength while Copper also had a good night.

Expecting a stronger open in Asia with the ASX200 to open up 50 pts, the Nikkei to open up 130 pts and Hang Seng to open up 300/330 pts also.

The CPI release was key as it points to a potential end to interest rate rises and the end of the cycle. Now markets may start to focus on US earnings and then potentially a global contraction and rate cuts....but I would expect the coming months to be buoyant if CPI continues to show easing.

Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.

Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper

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