US Stock Markets couldn’t rebound!

US Stock Markets couldn’t rebound!

US Stock Markets couldn’t rebound!

US Stock Markets couldn’t rebound!

US Stock Markets couldn’t rebound after FED. Jerome Powell’s painful Outlook expectation has worried investors too much and they are being shy on buy orders. The first resistance is 11.953 and first support level is 11.376 Level.

The dollar index held above 111 on Friday, hovering near a 20-year high of 11.81 hit in the previous session, underpinned by expectations that the Federal Reserve will remain aggressive in fighting inflation even at the risk of a recession. The Fed raised interest rates by 75 basis points for a third time in a row on Wednesday and projected rates to peak at 4.6% next year with no cuts until 2024, defying market speculations that the central bank could ease policy in 2023 to better manage the economy. The dollar also benefited from safe-haven flows amid escalating geopolitical tensions surrounding Ukraine and growing fears about a global economic slowdown. The greenback scaled multi-decade highs against the euro and the sterling, while hovering over two-year highs against the Australian and New Zealand dollars. Meanwhile, the dollar weakened against the yen after Japanese authorities intervened in the currency markets for the first time since 1998.

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