Dow plunge still not at last gasp levels
The US30's momentum is showing bearish pressure. If it maintains current readings, prices are likely to decline further.
Stock indices give you a chance to trade an opinion of an economy without having to pick individual stocks. CFD trading is one of the most popular products to trade. With our enhanced execution, you can receive low spreads on indices and no stop and limit trading restrictions.
The US30's momentum is showing bearish pressure. If it maintains current readings, prices are likely to decline further.
The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation
The US30 bounce since last week Thursday has run into overhead resistance.
The GER30 is showing resilience and is outperforming the US risk markets.
Dow breaks out of short-term continuation pattern ahead of cash open.
The S&P 500 is rallying pre-cash open. However, key levels above suggest caution still needs to be exercised.
The German index made a poor start to the week with two-month lows but then rebounded and is supported today, as market sentiment seems to be in a good place
The index is harmed by the Fed’s aggressive tightening path and recent underwhelming tech sector earnings, but rebounds today after hitting the lowest level since November 2020
Stocks are under pressure following the Fed press conference last Wednesday. Fed Chair Powell took 75bps off the table for the next two meetings, and the market is now questioning this, given the rampant inflation.
The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
The Dow Jones Industrial Average (DJI) jumped 2.8% yesterday after Fed Chair Jerome Powell said that the FOMC wasn't actively considering a 75bps hike. Instead, he suggested that 50bps was on the table for the next two meetings. This dovishness came after the Fed delivered a 50bps increase, in line with market expectations. It also clarified its balance sheet reduction, starting with $47.5bn/month in June and increasing over three months…
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
Exchange: ${getInstrumentData.exchange}
${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.