At this point, the SP500 continues to be a “sell the rally” type of situation: Trading Forecast Forex
initially rallied during the week, and at one point looked like it was going to really start to take off. However, as the jobs number came out on Friday, we really started to see a lot of selling pressure now that it’s obvious the Federal Reserve is going to have to raise interest rates by at least 75 basis points.
The inflation numbers will be in focus this coming week, and if the CPI numbers are hotter than anticipated, that will only pile on to the negativity. At this point, the S&P 500 continues to be a “sell the rally” type of situation.tried to rally during the beginning part of the week but found the parity level as far too important to get above. The parity level has been important a couple of times in the past, so it is no surprise that we have pulled back from there.
At this point, the US dollar continues to strengthen, and we are essentially stuck in this pattern of fading rallies going forward.markets have had a positive week to break back above the crucial $1680 level. Having said that, the market then pulled back from the very first signs of resistance near the $1720 level, especially now that the US dollar has found renewed strength.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Weekly Forex Forecast \u2013 USD/JPY, AUD/USDThe Dollar was very mixed the week before last but has gained wide enough strength to be advancing now almost everywhere: Trading Forecast Forex
Weiterlesen »
EUR/USD: Weekly Forecast 9th \u2013 15th OctoberAfter trading within sight of the 1.00000 ratio early in the past week, the EUR/USD started to slide lower again on Thursday and before going into the weekend.
Weiterlesen »
EUR/USD Forecast: Continues to FallThe EUR/USD has fallen again during the trading session on Thursday as we breached the 0.98 level.
Weiterlesen »
EUR/USD rebounds from weekly lows, stays below 0.9800EUR/USD managed to erase a large portion of its daily losses but lost its recovery momentum before reaching 0.9800. As of writing, the pair was down 0
Weiterlesen »