Home -
原创 -
TDFX -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

The U.S. economic growth forecast was downgraded, and the three major stock indexes fell unilaterally

TDFX | 2022-05-19 23:27

Abstract:The U.S. economic growth forecast was downgraded, and the three major stock indexes fell unilaterally

Fundamentals:

On Wednesday, due to concerns about inflation and slowing economic growth, the three major U.S. stock indexes crashed. Dow futures fell 203.6 points, or about 0.62%, to 32,451.00 points; S&P 500 futures fell 33.1 points, or about 0.81%, to 4,055.80 points; Nasdaq 100 futures were down 150.7 points, or about 1.2 percent, at 12,413.40. Target tumbled 24% due to the weaker-than-expected earnings report, bringing down retail stocks such as Walmart, Costco, and Macy's. In addition, large technology stocks all fell sharply, Apple and Meta fell by more than 5%, and Netflix and Amazon fell by more than 7%.

According to a new poll, 40% of poll participants believe the president's policies are responsible for high inflation. In addition, Biden won 44% of the support rate in this poll, up from 39% in the previous poll. The Biden administration is pushing for legislation to segregate client funds from those on cryptocurrency exchanges and ensure they are safe in the event of an exchange failure, according to people familiar with the matter, potentially limiting how the industry can operate.

Technical:

Dow: The three major U.S. stock indexes fell unilaterally. The Dow initially closed 3.57% at 31,490.07 points; the S&P 500 closed 4.04%, the worst single-day performance since June 2020; the NASDAQ closed 4.73%, it fell as much as 5% during the session. The Nasdaq-heavy tech stocks were green across the board, with Apple down nearly 6% and Amazon down more than 7%. The Dow is back near the low support level of 31200 before the test again, focusing on the target position of 32700 above the range band.

image.png

USD: The yield on the 10-year U.S. Treasury bond stood at 3% during the session, then gave up all the gains of the day, and finally closed at 2.884%. The dollar index started a rebound and finally closed 0.6% at 103.92. At present, the dollar is high and fluctuating, and the bulls do not have the advantage of profit and loss ratio and pay attention to the target position of 102.3 before the bottom.

image.png

Gold: Spot gold settled in a range of less than $20 on Wednesday. In the U.S. session, it touched an intraday high of $1,825 an ounce and then slightly corrected, and finally closed 0.1% at $1,816 an ounce. Currently, gold is hovering at a low level and is currently trading. Around $1814, continue to pay attention to the band callback of gold, and focus on the target position of 1836 above the range.

image.png

Crude oil: WTI crude oil fell below the $110 mark and finally closed down 3.95% at $109.09 per barrel; Brent crude finally closed down 3.10% at $109.22 per barrel. At present, chasing long is cautious, focusing on the pressure level near 118 above the bulls, and the bears focusing on the target position near 98 below.

image.png

(The above analysis only represents the analyst's point of view, the forex market is risky, and investors should be cautious)

Dow USD Gold Crude oil

Related broker

No Regulation
TDFX
Company name:TDFX INVESTMENT LIMITED
Score
1.47
Website:https://tiandinglimited.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | Appointed Representative(AR)
Score
1.47

Read more

Key Economic Calendar Events for This Week (August 5-9, 2024)

This week's economic events include: Japan's Monetary Policy Minutes and U.S. Services PMI on Monday, impacting JPY and USD. Tuesday's RBA Interest Rate Decision affects AUD, with German Factory Orders influencing EUR. Wednesday sees German Industrial Production and U.S. Crude Inventories impacting EUR and USD. Thursday: RBA Governor speaks, with U.S. Jobless Claims. Friday: China's CPI and Canada's Unemployment Rate affect CNY and CAD.

News 2024-08-05 11:34

Anticipating the Nonfarm Payroll Report

As we approach the Nonfarm Payroll (NFP) report on August 2, 2024, market participants are keenly observing the data for insights into the U.S. labor market. The report is expected to show an increase of 194,000 to 206,000 jobs for July, indicating modest growth. This suggests potential softening in the labor market. A weaker-than-expected report could prompt the Fed to consider rate cuts, influencing the USD. Major currency pairs and gold prices will likely see volatility around the NFP release

News 2024-08-01 14:24

KVB Market Analysis | 31 July: USD/JPY Holds Near 152.50 as Markets Eye BoJ and Fed Decisions

The USD/JPY pair hovers around 152.50, just above a three-month low, as traders anticipate the Bank of Japan's policy decision, expecting a 10-basis-point rate hike and bond-buying tapering, which supports the Yen. A slight recovery in the US Dollar has paused the pair's rise, with the Dollar Index near 104.50 ahead of the Federal Reserve's meeting, where rates are expected to stay unchanged but with dovish guidance.

News 2024-07-31 11:08

High Volatility Economic Events for This Week (GMT+8)

This week, key economic events expected to generate high volatility include China's Q2 GDP and retail sales data, impacting CNY. The US will release Core Retail Sales and Philadelphia Fed Manufacturing Index, affecting USD. The UK's CPI data will influence GBP, and the ECB Interest Rate Decision and Press Conference will impact EUR. These events will drive significant market movements due to their influence on monetary policy and economic outlooks.

News 2024-07-15 15:15

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AUS GLOBAL

AUS GLOBAL

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AUS GLOBAL

AUS GLOBAL

Regulated
ZFX

ZFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AUS GLOBAL

AUS GLOBAL

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AUS GLOBAL

AUS GLOBAL

Regulated
ZFX

ZFX

Regulated

Latest News

Short-Term Pressure Mounts on Gold as Risk Sentiment Improves

WikiFX
2025-05-13 14:37

Radiant DAO Proposes Compensation Plan for Wallet Losses

WikiFX
2025-05-13 14:39

How Will the U.S.-China Trade Deal Affect the Dollar and Global Markets?

WikiFX
2025-05-13 14:43

BitGo Secures MiCA License, Expands Crypto Services Across the EU

WikiFX
2025-05-13 15:55

FBI Calls on AML Bitcoin Scam Victims to File Claims by June 5

WikiFX
2025-05-12 14:38

US Dollar Index Makes a Strong Comeback, Climbs Back to 101.60 Level

WikiFX
2025-05-12 22:59

Big Changes at Saxo Bank: What Traders and Partners Need to Know

WikiFX
2025-05-13 20:17

Traders Warned to Stay Alert Amid Growing Exposures for INGOT Brokers

WikiFX
2025-05-14 01:58

WELTRADE's transformation from Reliable to a Problematic Broker

WikiFX
2025-05-14 01:55

How UK-China Financial Cooperation Is Shaping Global Resilience

WikiFX
2025-05-14 15:41

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

TGM

TGM

Capital88

Capital88

AUS Financial

AUS Financial

BP fxsote

BP fxsote

OliveFX

OliveFX

ECSL

ECSL

EKOLFX

EKOLFX

MB Coalition

MB Coalition

KnightsbridgeFX

KnightsbridgeFX

UAG

UAG