malaysia forex trading time–HXFXglobal reminds you:
The Fed Keeps Releasing Hawkish Speech, Nasdaq Plunges
In order to curb inflation, the Federal Reserve has continuously issued positive interest rate hikes and balance sheet reduction signals, and the pace of tightening has become more and more aggressive.
Investors are suggested to be marginal short with the current price, Target 13800 and Stop-Loss by 13950.
The newly announced number of initial claims for unemployment benefits in the United States recorded an increase of 185,000, higher than the expected 171,000, which caused slight pressure on the stock index. The Federal Reserve has recently been actively raising interest rates and shrinking its balance sheet to curb inflation. The President of the New York Fed said on Thursday that raising interest rates by 50 basis points in May is a reasonable choice. The Fed needs to return the interest rate policy to a neutral level, and the pace of tightening is becoming more and more aggressive. Overall, the probability of Nasdaq remaining weak in the short-term is high.
In the 60-minute level chart, the three moving averages (5, 10, 20MA) are gradually arranged in a short position, the MACD is strong in the bear direction, and the KD is running at a low level near 20. Overall, the Nasdaq will maintain a high probability of a short-term volatile downward trend. Investors are suggested to marginal short when price rebound with light positions.
*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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