which online trading platform is best in malaysia–HXFXglobal reminds you:
Russia-Ukraine conflict may push up prices, Nasdaq walking on thin ice
Federal Reserve Chairman Jerome Powell said the conflict between Russia and Ukraine could hit the U.S. economy and push up prices.
Investors can go short when near the current price with light positions, Target 13970 and Stop-Loss by 14100.
As the war between Russia and Ukraine continues, many countries have sanctioned Russia, and the negotiations between the two sides have not made substantial progress, resulting in the market maintaining low-risk investment. On top of that, Federal Reserve Chairman Jerome Powell said at a Senate hearing on Thursday that a conflict between Russia and Ukraine could hit the U.S. economy and push up prices. In order to quell high inflation, the plan to raise interest rates in March remains unchanged, and the monetary policy attitude seems to be turning eagle, so the short-term trend of the Nasdaq remains weak.
In the 60-minute level chart, the three moving averages (5,10,20MA) are gradually bearish, the MACD bearish force is slightly reduced but still stable, and the KD is passively running around 20. Looking at the above indicators, the Nasdaq will maintain a high probability of falling and vacillate in short-term. Investors are advised to operate with high-throw bargain-hunting.
(Information above is purely personal opinion, and doesn’t represent the platform’s standpoint. This opinion can only be use as reference)
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