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NASDAQ Plunges-malaysia forex trading time

malaysia forex trading timeHXFXglobal reminds you:

FED May Hike It’s Interest Vigorously, NASDAQ Plunges

malaysia forex trading time-HXFXglobal-FED May Hike It’s Interest Vigorously, NASDAQ Plunges_Technical Analysis

Institutions Forecast FED May Raise 50 BPS Interest In Once By March, Shocking Investor Confidence
Investors are recommended to consider marginal Short at market price, Target 15100, Stop-Loss by 15260.
As U.S. inflation continues to heat up, JPMorgan’s CEO recently stated that the FED may take a more aggressive rate hike than market expectations. The institution  estimates that the FED may raise rates by 50 Basis Points(BPS) in March, and will raise rates by 100 BPS by the end of this year. This caused the 10Y U.S. Bond Yield to breakthrough 1.87%, what made the highest in the past two years, consequently triggers the selling pressure to emerge in the market, and impacted investors’ bullish confidence. In short, NASDAQ’s short-term trend would most likely to remain weak and weaken for the near future.
In 60Mins range, (5,10,20)Tri-MAs sequenced towards Bear. Shorting momentum on MACD yet to call strong but in solid state. KD progressively declines. In brief, NASDAQ  continues to weaken, therefore, would suggest Investors to consider marginal Short at relative high after rebound.
Information above belongs to 3rd party media comments, can only be use for references and doesn’t represent our platform’s opinion. Investor should maintain sole-determination, self-evaluation required and be responsible for own action.
(*Remark: market price aforementioned is limit to the pricing in vicinity to when the article is published, the outdated pricing may or may not be the best for good)

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