Last week we have highlighted 3 questions and this week we will try to highlight 3 set of data which will help us answer these questions. We will mention question here and list of economic data from US & Europe which will decide next action of US FED, ECB & BOE.
Before we move forward, let me mention question that we have discussed last week.
1) Does Central banks can control Food inflation & Energy inflation by increasing interest rate?
2) US market (mother market) – is it in bear market?
3) US Fed (most powerful central bank) – pushing world in another crisis only to save it later?
We believe July 2022 to be action packed month and currently we are just trading with 5% of fresh lows and don’t get surprise if fresh lows are tested again, but if any sell-off trigger will come from global market and we will be watching data mention in above table closely.