Trading news

Expert's opinion from FXFinPro

We expect a correction on the US market in May

US stock indexes came close to historic highs, but could not overcome them, and began the correction. The reason for the growth of pessimism on the market became weak preliminary data on US GDP growth of only 0.5% in the first quarter of 2016, after expanding by 1.4% in the 4th quarter of last year. In addition, the weak growth in US spending indicates consumers’ cautiousness. As a result of weak macroeconomic data, as well as reduction of the profits of US corporations, we expect a significant correction by the 7-10% in May, the trigger for which is likely to be a correction on the commodity markets.

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

 

Monday, 02 May, 2016 / 12:27

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

Source :

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under