FED In Hawkish, DJ30 Getting Worse
Continued Rise In U.S. Treasury Yields Is Bad For DJ30, DJ30 Shock And Biased To The Bearish Side
Investors are suggesting to trade in 34440 with a sell order in short-term, take profit on 33970, stop loss on 34650.
Minutes of the FED’s March meeting showed policymakers generally agreed to cut $60 billion in U.S. Treasuries and $35 billion in mortgage-backed securities (MBS) each month from the balance sheet and support multiple rate hikes of 50 basis points, hawkish the tone hit investors sentiment in U.S. stocks, and DJ30 fell. Morgan Stanley said that if the FED raises interest rates by 50 basis points in May and June, it will definitely have an adverse impact on the stock market. The continued rise in U.S. Treasury yields will also put pressure on the stock market, DJ30 will increase resistance when in high position.
In the 4-hour K-line chart, 5,10,20MA fells, K-line falls below 20MA, KD indicator is arranging at a low level, MACD histogram in negative value, MACD double line arranging, shocks in interval after short-term fells, the middle rail of Bollinger Bands constitutes resistance, rebound can take the profit of buy order, investors are suggesting can trade with a sell order when in a high position.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate, and bear investment risks at their own risk.
Get Free Trial Bonus, Free Experience Investment! The Journey Of Investing From Scratch.
Register for free at HXFX and get a free trial bonus to experience investment immediately! It’s easy and stress-free, you can withdraw your profits from trading! Professional analysts provide the latest market strategies every day and the daily investment tutorial that you can understand at a glances, all support you from 0 basics to investment experts!
Seats are limited, click me to get the free trial bonus now, let’s start your investment journey>>
Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.