malaysia forex trading time–HXFXglobal reminds you:
The March CPI In The United States Arrives, Bearish And Bullish Of SP500 Be At War.
The United States is about to announce the annual rate of CPI, and S&P bears have the upper hand.
Investors are recommended consider marginal Short near 4410. With Target 4360, stop loss by 4450.
The annual rate of CPI that has not been adjusted seasonally in March will be announced tonight at 20:30. The annual rate of CPI is very important. During the one-year period from February 2020 to February 2021, the rent that occupies the most weight in CPI will have a one-year freezing period. It will only enter the high base period after March 2021, so this time the CPI can observe whether the US rent prices can continue to hit high in the high base period. S&P is still not out of the downside risk in the short term, because the EU currently plans to expand sanctions on Russia and the impact of the Fed’s balance sheet reduction and interest rate hikes, which will reduce investors’ intention to invest. S&P still takes a bearish layout as its main idea.
In the D1 range, the quotation is located on the lower track of Bollinger and below all MA moving averages, which is favorable for bearish layout.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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