The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
At the end of the previous day, American stock indices closed higher. The S&P 500 rose by 0.41%, while the Nasdaq 100 added 0.30%. The industrial Dow Jones climbed by 0.18%.
Today, futures for American stock indices fell, as the deadline to prevent a government shutdown expired. This disrupted the operations of one of the country's largest employers and threatened to delay the publication of key economic data. This has created an atmosphere of uncertainty in financial markets, where investors are already worried about interest rate prospects and a slowdown in economic growth. A delay in the release of economic reports, such as the employment report, could make it more difficult for the Federal Reserve System to assess the state of the economy and to make decisions about monetary policy. As a result, this could increase market volatility and complicate company planning concerning investments and hiring.
In addition to the economic consequences, the government shutdown is also affecting the daily lives of millions of Americans. National parks are being closed, the issuance of passports has been suspended, and there are delays in the provision of social services. All these factors can create significant inconveniences and lead to public dissatisfaction.
Contracts for the S&P 500 and Nasdaq 100 indices fell by 0.5% after the failure of a temporary funding bill that was meant to prevent economic paralysis. The dollar declined, while gold reached a record high, surpassing $3,875 per ounce. Asian stock indices fell by 0.2%. Treasury bonds remained mostly unchanged, with the yield on 10-year bonds at 4.15%. Futures indicated a somewhat weak start of trading for European stocks.
The United States government began shutting down after a dispute between Democratic lawmakers and President Donald Trump regarding healthcare spending. The President raised the stakes in the conflict, stating that his administration could permanently lay off many federal employees in the event of a shutdown.
FBB Capital Partners noted that serious problems could arise if the shutdown led to an information vacuum regarding employment and inflation data before the next Fed rate decision. They also pointed out that, since stocks and their prices were close to previous highs, negative news could trigger a major correction in the near future.
According to estimates by the Congressional Budget Office, about 750,000 employees will be sent on unpaid leave, which would result in $400 million in losses per day. This, in turn, could affect spending and negatively impact the economy.
Regarding the technical picture for the S&P 500, the main goal for buyers today is to overcome the nearest resistance at $6,660. Achieving this will help demonstrate growth and open the possibility for a move to the new level of $6,672. Keeping control at $6,682 is also an important task for bulls, which would strengthen the buyers' positions. In case the price moves down amid reduced risk appetite, buyers must step in around $6,648. A break below this level would quickly push the trading instrument back to $6,638 and open the way to $6,630.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
