logo |

Forum

    Your location: Home >  Forum  >  Market analysis  >  Content details
    Nigeria 2022-05-08 12:44:28
    Market analysis S & P 500 AND FTSE 100 FORECAST FOR THE WEEK AHEAD

    Related product:Forex,Stock
    Market analysis:S&P 500 | BEAR MARKET RALLY
    Little respite for US equities as moves higher are quickly sold into. While markets saw a brief period of hope as Chair Powell firmly pushed back against a 75bps rate hike, this failed to prompt a significant reversal. Keep in mind, the Fed are still moving aggressively and quantitative tightening (bearish risk assets) takes place next month. Selling rallies remains the bias for now. At the same time, it is important to keep an eye on US fixed income, particularly the 10yr yield which is testing a major resistance zone with the 2018 highs in focus at circa 3.25%. I mentioned previously that I am less bearish on the S&P 500 and with the index looking to put in a hammer as we close the week, that might be something to work with for another move towards 4300. However, should we close below 4050-60 then that view will have to be reassessed, given the heightened risk a drop towards 3800.

    Write your question...
    Please sign in first Sign up/in to comment
    0 Comments

    There is no comment yet. Make the first one.

    DAILYFX
    Trader

    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.