empty
 
 
Chystáte se opustit
www.instaforex.eu >
stránku provozovanou společností
INSTANT TRADING EU LTD
Otevřít účet

27.09.202117:35 Forex Analysis & Reviews: US stock exchange may decline and UK faces fuel crisis

Tyto informace jsou v rámci marketingové komunikace poskytovány retailovým i profesionálním klientům. Neobsahují investiční rady a doporučení, nabídky k nebo žádosti o účast na jakékoli transakci nebo strategii spojené s finančními nástroji a neměly by tak být chápány. Předchozí výkon není zárukou ani predikcí budoucího výkonu. Instant Trading EU Ltd. neručí a nezodpovídá za přesnost nebo úplnost poskytnutých informací, ani za ztrátu vyplývající z jakékoliv investice na základě analýzy, předpovědi nebo jiných informací poskytnutých zaměstnancem společnosti nebo jiným způsobem. Úplné znění Odmítnutí odpovědnosti je k dispozici zde.

The US stock indices futures dropped as investors started to think about whether the global economic growth would withstand the Chinese GDP slowdown amid the global energy crisis.

The S&P500 index has closed the morning gap and remains unchanged after rising at the end of the previous week. The Nasdaq 100 index futures fell by 0.4%. Treasury yields rose as traders are preparing for the Federal Reserve's speeches this week.

The Chinese Evergrande's debt crisis is still causing concerns among investors. The crisis may become more severe after releasing the data on economic growth. By the end of the year, the accelerating energy crisis may threaten global economic growth even more. The future of the stock market does not seem to be bright because the Fed intends to dismiss the economic stimulus measures in November. Retail traders are most likely to stay away from the market as there is a risk of its 3-5% drop.

Exchange Rates 27.09.2021 analysis

This week promises turbulent market trends and a high volatility. Traders will be keeping a close eye on the speeches by central bank governors, including Chairman Jerome Powell's address to Congress. It is likely that his future career as chairman of the Federal Reserve will depend on it. President Joe Biden has not yet made a decision on this issue and who he will support remains a mystery to many. Although White House expects Powell to retain his current position.

The 10-year Treasury bond yield, as noted above, rose to 1.49%, which is the highest level since June 29, 2021. Jerome Powell is expected to join Treasury Secretary Janet Yellen during a speech regarding the new Treasury and Federal Reserve oversight bill.

The UK faces an energy crisis. Prime Minister Boris Johnson is considering bringing in army drivers with trucks to solve the crisis in the supply chain, as many filling stations in the country are experiencing problems with fuel available for consumption. Rumors of a sharp fuel price hike have started a panic among motorists that has depleted local supplies very quickly, which no one expected. The UK government also decided to temporarily suspend the current competition rule and allow companies to coordinate fuel supplies in the most affected regions.

Exchange Rates 27.09.2021 analysis

As for the technical side of the S&P500 index, traders managed to protect the support at 4,425, which was their main goal. They targeted a major resistance at 4,488, which they did not reach with a little range left. The trades are still in the middle of this channel, and considering the news and the fundamental background, it is possible that the pressure on the trading instrument will return. Optimal scenario for buying will be the lower boundary of the channel 4,425, below which the bulls' last hope is the middle boundary of the Bollinger indicator, which is around 4,400 on the 4-hour chart. Only breaking through the resistance at 4,488 along with the statements of the Fed representatives not to "buckle up" this November may bring a higher upward trend of the index to the high located at 4,529, and then to test the year's high levels near 4,551.

Jakub Novak
analytik InstaForexu
© 2007–2024

Otevřít obchodní účet

Díky analytickým přehledům společnosti InstaForex získáte plné povědomi o tržních trendech! Jako zákazníkovi společnosti InstaForex je Vám k dispozici velký počet bezplatných služeb umožňujících efektivní obchodování.




Nyní opouštíte web www.instaforex.eu, web provozovaný společností INSTANT TRADING EU LTD
Nemůžete právě teď mluvit?
Položte vaši otázku v chatu.

Turn "Do Not Track" off