Trader’s Week Ahead: Markets React to US-China Progress & CPI Data

From pepperstone.com

The handover of risk into the new trading week is positive, and US equity futures will start the week reacting to the US-China weekend meeting on a solid footing, and as such, I remain skewed for higher levels through the week ahead in DM equity indices. Momentum is the tactical strategy to play, and at least for now I take the stance of buying into strength in the US500, NKY225, NAS100, AUS200, GER40, or HK50, for a continuation of the bull trend in place from the April lows. This same constructive outlook is also true of Bitcoin, where we see the price taken to $105k on Sunday before increased supply kicked in - a ... (full story)