U.S Stock Soar after Fed Raises Rate. Possible Another Dead Cat
Market Updates at a Glance: 17 March 2022 (Thursday)🌎
➤US stocks soared with Dow +1.55%, S&P 500 +2.24% and Nasdaq +3.77%. Fed raised interest rate for the first time since 2018, to 25bps on market expectation, but forecasting more aggressive hike path to contain inflation.
☛On Technical Front:
➤Bellwether S&P 500 futures: Prices break out from the Falling Wedges, is a bullish pattern (checkout my post on 14/3)
➤However, i'm concerned about the possible recession with the Hawkish Fed.
➤The US dollar index fell toward 98.42 with the 10-year treasury yields edged higher to 2.18%.
➤EUR & GBP continued with the rallies, with EURUSD was above 1.10 (+0.75%) and GBPUSD ended above 1.31 (+0.81%).
➤AUDUSD jumped to 0.7292 (+1.36%) amid the risk-on mood.
➤Gold edged higher after the FOMC, slightly above the Fib 38.2% level, $1920.
➤Oil (Brent) continued lower to $98.36 with reports that Russia and Ukraine have signaled progress toward a peace deal.
➤BTC & XRP edged higher, with BTC near $41,000 while XRP above 0.79.
☛Upcoming high impacts events/news (GMT+8):
OPEX-18/3
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☛Follow my tweets @ce83lim to look at charts
➤US stocks soared with Dow +1.55%, S&P 500 +2.24% and Nasdaq +3.77%. Fed raised interest rate for the first time since 2018, to 25bps on market expectation, but forecasting more aggressive hike path to contain inflation.
☛On Technical Front:
➤Bellwether S&P 500 futures: Prices break out from the Falling Wedges, is a bullish pattern (checkout my post on 14/3)
➤However, i'm concerned about the possible recession with the Hawkish Fed.
➤The US dollar index fell toward 98.42 with the 10-year treasury yields edged higher to 2.18%.
➤EUR & GBP continued with the rallies, with EURUSD was above 1.10 (+0.75%) and GBPUSD ended above 1.31 (+0.81%).
➤AUDUSD jumped to 0.7292 (+1.36%) amid the risk-on mood.
➤Gold edged higher after the FOMC, slightly above the Fib 38.2% level, $1920.
➤Oil (Brent) continued lower to $98.36 with reports that Russia and Ukraine have signaled progress toward a peace deal.
➤BTC & XRP edged higher, with BTC near $41,000 while XRP above 0.79.
☛Upcoming high impacts events/news (GMT+8):
OPEX-18/3
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @ce83lim to look at charts
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.