As the inflationary pressure in the United States eases, the calls for the Fed to cut interest rates are getting louder and louder. After the June CPI data was released, the market generally expected the Fed to take action to cut interest rates in September. Fed officials also publicly stated that the time for a rate cut is approaching!
This weekend, the Germans have sold off, but the ETF has not brought liquidity, so we will see a volatile market over the weekend. There is some support near 57,300 below, and the short-term pressure above is still around 58,800. Try high-altitude low-multiple around this range!
