trusted trading apps malaysia–HXFXglobal reminds you:
Worry About FED Hawkish, TECH100 Teeters
FED May Rapidly Shrink Its Balance Sheet As Soon As In May, Continuing To Put Pressure On TECH100.
【Operation Suggestions】
Investors are suggesting to trade when the price in 14850 with a sell order in short-term, take profit on 14640, stop loss on 14940.
【News】
Earlier, the Russian foreign minister said that the chance of success in Russia-Ukraine negotiations will always exist, boosting the rebound of TECH100. However, the U.S. employment data showed that the unemployment rate fell to a two-year low of 3.6%. The data is good, and the market is expected to raise interest rates. Brainard, FED Reserve Governor director said that reducing inflation is a crucial task at present, and FED may rapidly shrink its balance sheet as soon as May and will continue to tighten policy. George, FED President Kansas City said that a one-time rate hike of 50 basis points is an option that must be considered, continuing to put pressure on TECH100.
【Technical aspect】
In the 4-hour K-line chart, K-line falls below 20MA, 5,10MA down, KD indicator fell, 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.
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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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