Malaysia
2020-03-27 11:46
Market analysisDow, S&P 500 Hasten Rally as the USD Snaps - Is th
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Market analysis:
A bit of calm has shown this week as the risk-on trade has shown for more than a day.
While the S&P 500 is up more than 18% from this week’s lows – we’re still more than 23% away from the highs that were set just last month.
Going along with this revivial of strength in US equities is a bearish move in the US Dollar, hastening after this morning’s comments from FOMC Chair Jerome Powell and Treasury Secretary, Steven Mnuchin.
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Dow, S&P 500 Hasten Rally as the USD Snaps - Is th
Malaysia | 2020-03-27 11:46
A bit of calm has shown this week as the risk-on trade has shown for more than a day.
While the S&P 500 is up more than 18% from this week’s lows – we’re still more than 23% away from the highs that were set just last month.
Going along with this revivial of strength in US equities is a bearish move in the US Dollar, hastening after this morning’s comments from FOMC Chair Jerome Powell and Treasury Secretary, Steven Mnuchin.
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