Market data to trade the week of 23 May: German Ifo; NVDA Q1
On the economic calendar US data features heavily with FOMC Minutes, GDP, durable goods and PCE, which is the Federal Reserve’s preferred measure of inflation, so keep an eye on USD.
However, IG technical analyst, Axel Rudolph FSTA looks at the DAX as a potential trading opportunity around the release of the Ifo business climate numbers.
On the corporate calendar, Axel chooses Nvidia (NVDA), as a good chart to watch. He suggests there is support just below the current levels, but, if the numbers disappoint, a break of that area could open up a short trading opportunity.
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