trusted trading apps malaysia–HXFXglobal reminds you:
Hawkish Attitude Ascertain, DJ30 Shown Undersell Pressure
FED Became More Certain On Hawk, DJ30 Suffers The Impact.
Selling Pressure remains above, would recommend Investors to adopt High-Throw operation at 36040 for Short position, Take-Profit at 35600, Stop-Loss by 36180.
The NonFarm Payroll from last week did not perform as estimated, but the Unemployment Rate is still decreasing. Under the circumstance of inflation surging and the improvement made in Labor Market, J.Powell, the Chair of FED, has emphasize once again, FED would be deterring the already high inflation from development. This has made the Hawkish members of the Board to support the initial raise in interest to be executed by March. On the other hand, the consecutive escalation in confirmed cases has made the market to concern. If tonight J.Powell disclosed more certain attitude to introduce the Hawk to the market, then DJ30 may appear with another wave of selling pressure. Not to mention the upcoming Consumer Price Index(CPI), it is forecast that DJ30 would ushers relatively greater volatility when it released.
In Daily range, 5MA down-bent, 20MA flatten, KD apt Bear. In 4Hrs range, 5 & 20MAs on descend, KD prone Bull. In 60Mins range, 5MA up-bent, 20MA sinking, KD aligned to Bull. Although the short-term pattern do shown signs of rebound, but since the underselling pressure is still remain above, therefore, would estimate the rebound strength may be limited.
(Information above is purely personal opinion, doesn’t represent platform’s standpoint. This opinion can only be use as reference)
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