Dow Jones

Key Indicators

• The short-term structure and momentum are currently favouring buyers as the recent dip to 52,700 triggered buying interest.

• The index remains above its 50 and 100-day moving averages, signalling a long-term bullish bias.

Fundamental Context

Dow Jones slightly retreated as investors awaited the latest US PCE price index report, the Federal Reserve’s preferred measure of inflation. The data comes ahead of Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium on Friday, where he is not expected to provide clear guidance on the central bank’s policy decision in September.