The Number Of Fed Interest Hike Might Reduce, The Nasdaq Bow Before Bounces
The market had expected the Fed to raise interest rates up to seven times this year, but it has recently been reduced to five times due to the outbreak of the Russian-Ukrainian conflict.
Investors can go long near the current price, with Target 14150 and Stop Loss by 14000.
The war between Russia and Ukraine continues to intensify. The Russian military heralded that they will bombard the Ukrainian capital and warn civilians to leave as soon as possible. The conflict has stalled, putting pressure on the stock index. However, the market is concerned about how inflation and the Russian-Ukrainian war will affect the Fed’s future monetary decisions. The market had expected this year, the interest rate would be raised at most 7 times, and recently, due to the outbreak of the Russian-Ukrainian conflict, it has been reduced to 5 times, which has brought strong support to risk assets.Therefore, the Nasdaq has a high probability of short-term fluctuations and incline.
60-minute level chart, (5, 10, 20MA) three moving averages are tangled, MACD bearish strength is slightly reduced, KD forms a golden cross above 20. Looking at the above indicators, the Nasdaq is expected to stabilize and rebound in the short term, and investors are advised to seize the opportunity and go long with light positions.
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