Get ready for another wild week for global financial markets thanks to key economic data releases and high-risk events!

Inflation data from the largest economy in the world will be in focus along with a rate decision from the ECB.

But before we identify what asset to keep an eye on, here’s a rundown of the scheduled data and events for the upcoming week:

The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bullish flag formation in play after the initial rally from August 25th.

A bullish flag is a bullish continuation pattern.

This will continue to hold true if prices do not close below the support zone of the flag pattern.

Asian markets were painted red on Tuesday with Chinese stocks leading losses as disappointing PMI services data fuelled concerns over the nation’s sluggish economic recovery.

An air of anticipation gripped financial markets on Friday morning as the countdown to the pivotal US jobs report ticked down.

It has been a choppy affair for the USDJPY over the past few weeks. 

After breaking out of a near 2-week flag pattern on August 25th and failing to break the 261.8 Fibonacci retracement level at 146.996 when drawn from the 6th of January high to the 16th of January low Price has since found some support at the psychologically important level of 145.801. Nevertheless, prices continue to trade within a range, especially after failing to break below this support for the third time this week. 

China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak economy. However, Asian markets displayed a mixed reaction with sentiment whacked by a barrage of disappointing China data published after the rate decision.