empty
28.12.2022 01:53 PM
U.S. Stock Market Analysis on 27th December and 23rd December Post Market Review

U.S. markets are closed on Monday in observance of Christmas Day, which falls on Sunday. U.S. indices were up on Friday, while the inflation data released on Friday is being accessed as the market diverges in outlook vs the Fed. The Dow Jones was up 0.53% to 33,203.93, the S&P500 rose 0.59% to 3,844.82, and the NASDAQ was up 0.21% to 10,497.86. At the same time, oil prices jumped.

Notable News

  • China to scrap Covid quarantine rule for inbound travelers from Jan 8
  • US Core PCE Price Index +0.2% M/M, matching estimates; Consumer spending stagnated at +0.1% M/M - weakest since Jul-22 and below 0.2% forecast
  • Uni of Michigan Consumer Sentiment Index rose to 59.7, up from Oct's 56.8, helped by easing inflation pressures
  • US new home sales unexpected rose for second month
  • BOJ's Kuroda dismisses near-term chance of exiting easy policy

What To Watch This Week

  • Japan - Unemployment, Retail Sales (Tuesday), Industrial Production (Wednesday)
  • China - Industrial Profits (Tuesday), Manufacturing PMI (Saturday)
  • US - Goods Trade Balance, Retail Inventories (27th), Pending Home Sales (Wednesday), Initial Jobless Claims (Thursday)
  • UK - Nationwide Housing Pries (Friday)
  • At home, PPI (Thursday), Money Supply (Friday) are due

Long-term view on market and 2023 outlook:

In general, investors are still concerned about the market outlook and the fears are increasing. The economic recession seems inevitable, as major monetary authorities are determined to continue to battle high inflation. In my view, monetary policy will turn accommodative as inflation trends down. Growth pressures still weigh on developed markets' equity in 1Q 2023, but a turn in monetary policy will provide liquidity support to asset prices. Consensus expects interest rates to peak around 5.0% in the middle of 2023, which indicates it is closer to the end of the hiking cycle. I remain cautious on U.S. equities into 1Q 2023, and I believe the market will be more positive as markets bottom out in 2Q 2023.

27th December trading analysis

S&P 500 daily chart:

This image is no longer relevant

The S&P 500 index finished higher in a turbulent pre-holiday session Friday, as an inflation report and a slew of other data did nothing to change views that the Federal Reserve would likely keep raising interest rates even if the economy slowed. From the daily chart, the price is hovering between $3,784 support level and $3,947 resistance level. It is crucial to continue to watch the price movement in these few days to see whether the bull traders will successfully break through the $3,947 resistance level and push it to the next support level at around $4,072, or the bear traders will pull the price to the $3,784 support line and continue fall to the $3,662 support line. Traders may find an opportunity to trade between $3,784 and $3,947 as the index already traded in this range for a few days. Nonetheless, given the Fed would likely continue to raise the interest rate and the index is still trading below its 10MA and 50MA lines, I suggest traders remain cautious.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

EUR/USD dan GBP/USD 28 Mac – Analisis Teknikal

Ketika minggu berakhir, pasaran masih berbelah bahagi, tanpa pilihan yang jelas kelihatan. Semalam, kenaikan harga telah membuat sedikit kemajuan, menyesuaikan sentimen penurunan harga yang sedia ada. Untuk mengesahkan dan mengukuhkan

Evangelos Poulakis 09:09 2025-03-28 UTC+2

Ramalan EUR/USD untuk 28 Mac 2025

Laporan ekonomi utama semalam—KDNK AS bagi Suku Keempat—mencatatkan pertumbuhan sebanyak 2.4% berbanding jangkaan 2.3%. Walau bagaimanapun, tiga agensi utama—Moody's, Fitch Ratings dan S&P Global—telah memberi amaran mengenai kemungkinan kemelesetan akibat

Laurie Bailey 04:01 2025-03-28 UTC+2

Ramalan GBP/USD untuk 28 Mac 2025

Walaupun data A.S. menunjukkan pertumbuhan sebanyak 2.4% berbanding jangkaan 2.3%, indeks dolar jatuh sebanyak 0.28%. Pound melonjak sebanyak 78 pip, hampir mencapai sasaran 1.3001. Pengayun Marlin pada jangka masa harian

Laurie Bailey 04:01 2025-03-28 UTC+2

Ramalan USD/JPY untuk 28 Mac 2025

Semalam, Donald Trump telah menandatangani perintah eksekutif yang mengenakan tarif sebanyak 25% ke atas semua kenderaan dan alat ganti automotif yang diimport ke Amerika Syarikat. Tarif ke atas kenderaan akan

Laurie Bailey 04:01 2025-03-28 UTC+2

Isyarat Dagangan untuk EUR/USD bagi 27-29 Mac, 2025: beli di atas 1.0790 (21 SMA - 8/8 Murray)

Jika euro terus bangkit dan menjangkaui tahap 1.0790 dalam beberapa jam akan datang, kita boleh menjangkakan EUR/USD akan terus meningkat. Oleh itu, instrumen ini boleh mencapai +2/8 Murray pada tahap

Dimitrios Zappas 13:55 2025-03-27 UTC+2

Isyarat Dagangan EMAS (XAU/USD) untuk 27-29 Mac 2025: jual di bawah $3,057 (Gandaan Atas - 7/8 Murray)

Jika emas gagal melepasi paras 3,057, ia akan dilihat sebagai isyarat untuk menjual dengan sasaran pada 3,023. Selain itu, kita boleh menjangkakan ia akan mencapai 200 EMA sekitar 2,938 dalam

Dimitrios Zappas 13:54 2025-03-27 UTC+2

EUR/USD – 27 Mac: Dolar Beransur-ansur Mengukuh

Pada hari Rabu, pasangan EUR/USD terus merosot, berhenti hanya berhampiran paras penarikan semula harga Fibonacci 161.8% pada 1.0734. Pemulihan daripada tahap ini membolehkan pasangan ini pulih ke zon sokongan 1.0781–1.0797

Samir Klishi 10:37 2025-03-27 UTC+2

GBP/USD – 27 Mac: Inflasi Melemahkan Pound

Pada carta setiap jam, pasangan GBP/USD meneruskan penurunannya pada hari Rabu, hampir mencapai paras 1.2865—hanya terlepas beberapa mata sahaja. Tiada lantunan juga dari paras 1.2931 hari ini, walaupun harga hampir

Samir Klishi 10:19 2025-03-27 UTC+2

AUD/USD. Permulaan Tarif pada 2 April Mungkin Memberi Tekanan kepada Pasangan Ini

Dolar Australia kekal dalam fasa pengukuhaan, berlegar dalam julat sempit 0.6265–0.6325. Pelaksanaan tarif oleh Trump yang akan datang terhadap China dan beberapa barangan dari Australia memaksa peserta pasaran untuk bertindak

Pati Gani 09:08 2025-03-27 UTC+2

#NDX – Tinjauan Analisis Teknikal

Pemberhentian pada paras aliran jangka pendek bulanan (19730) telah mendorong usaha oleh pergerakan menaik untuk mendapatkan semula kedudukan mereka. Hasilnya, jurang kenaikan terbentuk pada permulaan minggu dagangan baharu, disusuli dengan

Evangelos Poulakis 04:45 2025-03-27 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.