Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Tifia Daily Market Analytics
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="TifiaFX, post: 137351, member: 41220"] [b][B]DJIA: stock indexes continue to grow[/B] [B]12/10/2017[/B] [B]Current dynamics[/B][/b] US stock markets on Wednesday continued to grow after Wednesday's (18:00 GMT) punctures were published punctuated by the September meeting of the Fed. The minutes said that while many members of the committee still expect another rate hike in 2017, some of them admit the temporary nature of low inflation in the US, which encourages them to take a more cautious approach to raising interest rates. The protocols indicate that the Fed leaders have not yet reached a consensus on inflation, which could increase uncertainty about monetary policy in the coming months. "It is noted that it is necessary to maintain patience with curtailing soft policies, assessing inflation trends," the protocols say. Chicago Fed president FOMC member Charles Evans said yesterday that he is "a little concerned" about whether it's worth raising rates again if inflation does not accelerate. Another member of the FOMC, Robert Kaplan, who is the president of the Fed-Dallas, also said that he had not yet decided whether he would vote for a rate hike in December. According to the CME Group futures market, the probability of an increase in the Fed's interest rate in December is 82.9% versus 93.1% before the publication of the minutes. All three major US stock indexes rose again, reaching new record highs yesterday. The Dow Jones Industrial Average rose 0.2% to 22872.00, the S & P500 rose 0.2% to 2,555.00, the Nasdaq Composite - up 0.3% to 6603.00. American stock indexes continued to grow actively from the end of last month, when Republicans presented in the US Congress their plan to reform the tax code, suggesting significantly lower taxes for companies and many individuals. This again revived hopes that the Trump administration will be able to take measures that will support economic growth. Low inflation does not allow the Fed to aggressively tighten monetary policy. In combination with strong macroeconomic data, this gives grounds to market participants to continue investing in high-risk high-risk assets of the US stock market, which is reflected in the growth of indices. As the President of the Federal Reserve Bank of Atlanta, Rafael Bostic, stated today, the US economy "is firmly on its feet, and there are some signs that such a picture will continue to be observed." According to Bostic, GDP growth will be about 2%, and the hurricanes that hit the country in recent months are unlikely to disrupt the recovery. At 14:30 (GMT) today, representatives of the Federal Reserve, members of the FOMC Lel Brainard and Jerome Powell, whom US Treasury Secretary Steven Mnuchin urged US President Donald Trump to appoint as the new chairman of the Fed, will speak today. The appointment of Powell as the head of the central bank is likely to be positively received by market participants. It's interesting to hear what Powell will say about the prospects for the Fed's monetary policy until the end of the year. [b][B]Support and resistance levels[/B] [/b] The DJIA index continues to grow since January 2016. Yesterday DJIA updated the absolute maximum near the 22865.0 mark, keeping positive dynamics. Reducing fears about the effects of hurricanes in the United States, positive macro data from the US, as well as the Fed's still obscure overall position on further interest rate hikes amid low inflation, create prerequisites for investors to increase their appetite for buying risky assets. Technical indicators (OsMA and Stochastic) on the daily, weekly, monthly charts recommend long positions. Consideration of short positions is possible only in the short term and only after the breakdown of the support levels 22705.0 (EMA200 on the 1-hour chart), 22600.0 (the bottom line of the uplink on the 4-hour chart). While DJIA is trading above the key support level of 21168.0 (EMA200 on the daily chart and the Fibonacci level of 23.6% correction to the growth in the wave from the level of 15660.0 after rebounding in February this year to the collapse of the markets since the beginning of the year.The maximum of this wave and the Fibonacci level 0% is near the mark of 22177.0), long-term positive dynamics persists. The breakdown of the local resistance level of 22865.0 will signal the continuation of the growth of the index. [b][B]Support levels: 22705.0, 22600.0, 22410.0, 22140.0, 22000.0, 21500.0, 21168.0[/B] [B]Resistance levels: 22865.0[/B] [B]Trading Scenarios[/B][/b] Buy Stop 22870.0. Stop-Loss 22750.0. Take-Profit 23000.0, 24000.0 Sell Stop 22750.0. Stop-Loss 22870.0. Take-Profit 22705.0, 22600.0, 22410.0, 22140.0, 22000.0, 21500.0, 21168.0 [img]https://s25.postimg.org/uqtqq9gun/121017-_DJIA-_Daily.png[/img] [img]https://s25.postimg.org/b8z3abrmn/121017-_DJIA-_H4.png[/img] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…