Market Updates at a Glance: 16 March 2022 (Wednesday)🌎
☛U.S stock Face Whipsaw Risk with Potential Headwinds from FOMC & OPEX.
➤US stocks rallied with Dow +1.82%, S&P 500 +2.14% & Nasdaq +2.92%. U.S February PPI (Producer Price Index) increased+0.8% (actual) vs. +1.0% (estimate), rose 10% annually. PPI serves as a leading indicator for the CPI.
☛SY's view:
-S&P 500 is still below the neckline of the head & shoulders.
-FOMC & OPEX (monthly option expiry) in focus.
➤The US dollar index edged lower to near 99 despite the yield on 10-year Treasury climbed to 2.14%.
➤GBP rebounded slightly above 1.3040. EUR edged higher to 1.0952.
➤Gold dipped to $1916, slightly below Fib 38.2% level $1920, as FOMC meeting begins.
➤Oil (Brent) extended the losses to $98.64, near 50-day Moving Average 95.70.
☛Upcoming high impacts events/news (GMT+8):
FOMC-17/3 2.30pm
OPEX-18/3
☛Like & follow so you won't miss any market updates ☟
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☛Follow my tweets @ce83lim to look at charts
➤US stocks rallied with Dow +1.82%, S&P 500 +2.14% & Nasdaq +2.92%. U.S February PPI (Producer Price Index) increased+0.8% (actual) vs. +1.0% (estimate), rose 10% annually. PPI serves as a leading indicator for the CPI.
☛SY's view:
-S&P 500 is still below the neckline of the head & shoulders.
-FOMC & OPEX (monthly option expiry) in focus.
➤The US dollar index edged lower to near 99 despite the yield on 10-year Treasury climbed to 2.14%.
➤GBP rebounded slightly above 1.3040. EUR edged higher to 1.0952.
➤Gold dipped to $1916, slightly below Fib 38.2% level $1920, as FOMC meeting begins.
➤Oil (Brent) extended the losses to $98.64, near 50-day Moving Average 95.70.
☛Upcoming high impacts events/news (GMT+8):
FOMC-17/3 2.30pm
OPEX-18/3
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @ce83lim to look at charts
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.