Midweek trading ideas: Is the Nasdaq 100 set for a range break?

Although it’s a holiday-shortened week in the US, the next few days still bring several potential catalysts. We’ll get the latest inflation picture in the US with the producer price index on Thursday, followed by the consumer price index the following day. Also on Thursday, the European Central Bank rate-setting meeting will be in focus. Year-on-year PPI is expected to rise to 5.3% from 4.7%, while core CPI is expected to slow to 2.4% from 2.5%. The CPI report may carry extra weight after Federal Reserve governor Chris Waller indicated that the data could influence whether he supports a September rate hike. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.