Today, Thursday, features high-impact PMIs at 9:45 am and jobless claims at 8:30 am, while tomorrow, Friday, at 1:00 pm sees Fed Chair Warsh’s swearing-in. Next Thursday at 8:30 am, the Core PCE inflation print and GDP data arrive. Traders should hedge ahead of PCE to manage volatility. Monitor USD pairs and Treasury yields for breakout opportunities if hot data triggers hawkish re-pricing under the new Fed leadership.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.