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Market Focus: GER30, US30, US GDP

jeffriess
กรกฎาคม 30, 2020
by Joseph Jeffriess, Market Analyst

Traders, today we continue to look at stock indexes as selling intensifies. Could tonight’s US GDP kick something into gear? The market is expecting a horrific drop to -35.5%, but if it comes in a lot lower could this work in the same way we saw with the NFP several months ago?

The GER30 has already broken range support early into today’s London session. Today’s US GDP data could really shape momentum going forward, we’ll be watching this data release closely. We also have German prelim GDP due out as well.

Levels:

US30 Resistance 26,626 Support 26,360

10:30 pm AEST US Advanced GDP Expected -34.5% last data -5.0%

 

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