Trading news

Expert's opinion from FXFinPro

We expect the S&P 500 correction in the near future

Before today's publication of the previous Fed meeting minutes, the futures price on the broad stock index S&P500 consolidates around important level of 2050 after has broken the border of the rising channel. It is worth noting that, after strong growth on the US market, and given the expectation of weak corporate reporting season in the US, where the profits of companies included in the S&P500 index may fall for the 4th consecutive quarter, we expect drop of price in the near future, with the potential of reaching the marks 1980, 1950 and 1915.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

Wednesday, 06 Apr, 2016 / 12:43

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Equities and dollar cool after ISM data, showtime for BoE

· Euro/dollar trapped near $1.20 region, stocks drift after ISM survey [...]

Posted on Thursday, 06 May, 2021 / 9:15 under

BOE Interest Rate Decision: Keep Calm And Carry On?

Of the major central banks, the BOE is generally seen as the most likely to [...]

Posted on Wednesday, 05 May, 2021 / 2:10 under

Inflation fears put the US dollar in the spotlight

The dollar rose sharply on Wednesday, fueled by renewed sentiment about higher [...]

Posted on Wednesday, 05 May, 2021 / 12:29 under