empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

27.09.202313:33 Forex Analysis & Reviews: US premarket for September 27: Stock market turbulence gradually calming down

US stock index futures opened in the green, with bond sell-offs slowing. The S&P 500 futures rose by 0.5%, while the tech-heavy NASDAQ added around 0.8%. The US dollar index has also stabilized. In contrast, European indices dipped slightly after a positive start.

Exchange Rates 27.09.2023 analysis

US Treasury bond yields dropped by four basis points. The bonds themselves rebounded after speculation that the Federal Reserve might maintain its tight policy into next year or even longer.

MUFG Bank Ltd believes that bond markets greatly influence the stock and currency markets, as well as the US economy. Their analytical note reads that "if yields continue to move higher, at some point relatively soon we will see even larger equity market declines and a hit to the main engine of the US economy – the consumer."

Meanwhile, oil prices have resumed their uptrend, surpassing $91 per barrel. This raises concerns about a potential spike in the Consumer Price Index in the late third and early fourth quarters of this year. Recent consumer sentiment data, which dropped to 103, only added fuel to the pressure on the stock market.

On Tuesday, Senate Democratic and Republican leaders agreed on a plan to keep the government running until mid-November. However, the plan still needs approval from the House of Representatives. Positive news post-vote could help counter the recent bearish trend observed in US indices.

Exchange Rates 27.09.2023 analysis

As for the S&P 500, demand for the index remains weak. Bulls need to take control of $4,304 if they aim to halt the bearish momentum. From this level, they may drag the price to $4,332. Bulls also need to control $4,357, which would bring market equilibrium. If the price declines due to reduced risk appetite, bulls will have to protect $4,268. Breaking through this level, the index may plummet to $4,229 and $4,202.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.